QAD Inc. (NASDAQ:QADA) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.00.
QADA has been the subject of several research reports. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, February 2nd. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price objective (up from $30.00) on shares of QAD in a report on Friday, March 10th. Canaccord Genuity reissued a “buy” rating and set a $33.00 price objective (up from $30.00) on shares of QAD in a report on Saturday, March 11th. TheStreet cut shares of QAD from a “b-” rating to a “c” rating in a report on Thursday, March 9th. Finally, Sidoti initiated coverage on shares of QAD in a report on Wednesday, April 19th. They set a “neutral” rating for the company.
QAD (NASDAQ:QADA) last released its quarterly earnings data on Thursday, March 9th. The software maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. QAD had a net margin of 1.29% and a return on equity of 3.72%. The company had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $73 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 2nd. Shareholders of record on Tuesday, April 25th were issued a dividend of $0.072 per share. The ex-dividend date of this dividend was Friday, April 21st. This represents a $0.29 dividend on an annualized basis and a yield of 0.96%. QAD’s dividend payout ratio is currently 161.12%.
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A number of hedge funds have recently made changes to their positions in QADA. American International Group Inc. boosted its stake in shares of QAD by 7.0% in the first quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock worth $161,000 after buying an additional 378 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of QAD by 0.7% in the first quarter. Bank of America Corp DE now owns 62,560 shares of the software maker’s stock worth $1,742,000 after buying an additional 450 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of QAD by 5.6% in the first quarter. Teachers Advisors LLC now owns 15,222 shares of the software maker’s stock worth $424,000 after buying an additional 807 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of QAD by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 69,426 shares of the software maker’s stock worth $1,933,000 after buying an additional 2,214 shares in the last quarter. Finally, Alambic Investment Management L.P. boosted its stake in shares of QAD by 4.3% in the first quarter. Alambic Investment Management L.P. now owns 57,893 shares of the software maker’s stock worth $1,612,000 after buying an additional 2,400 shares in the last quarter. 47.49% of the stock is owned by institutional investors and hedge funds.
QAD Company Profile
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
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