QAD Inc. (NASDAQ:QADA) has been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $35.67.
Several research firms recently commented on QADA. BidaskClub raised shares of QAD from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus increased their target price on shares of QAD from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, September 20th. William Blair reaffirmed an “outperform” rating on shares of QAD in a report on Wednesday, June 28th. Canaccord Genuity increased their target price on shares of QAD from $35.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 28th. Finally, Zacks Investment Research lowered shares of QAD from a “buy” rating to a “hold” rating in a report on Thursday, July 27th.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in QAD by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 368,667 shares of the software maker’s stock valued at $10,267,000 after buying an additional 25,913 shares during the period. Russell Investments Group Ltd. boosted its position in QAD by 1.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 102,053 shares of the software maker’s stock valued at $3,270,000 after buying an additional 1,481 shares during the period. Chicago Equity Partners LLC purchased a new stake in QAD during the 2nd quarter valued at $851,000. Royce & Associates LP boosted its position in QAD by 12.6% during the 2nd quarter. Royce & Associates LP now owns 372,500 shares of the software maker’s stock valued at $11,939,000 after buying an additional 41,700 shares during the period. Finally, Stifel Financial Corp purchased a new stake in QAD during the 1st quarter valued at $262,000. 43.67% of the stock is owned by institutional investors and hedge funds.
Shares of QAD (NASDAQ:QADA) traded up 0.69% during trading on Thursday, hitting $36.45. 19,069 shares of the stock were exchanged. The firm’s market capitalization is $700.42 million. The stock’s 50 day moving average price is $33.98 and its 200 day moving average price is $31.49. QAD has a 52 week low of $21.80 and a 52 week high of $37.55.
QAD (NASDAQ:QADA) last released its earnings results on Friday, August 25th. The software maker reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. QAD had a negative net margin of 5.98% and a negative return on equity of 0.47%. The company had revenue of $76.00 million for the quarter, compared to analyst estimates of $72.16 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that QAD will post $0.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 26th were given a dividend of $0.072 per share. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.29 annualized dividend and a yield of 0.79%. QAD’s payout ratio is currently -30.85%.
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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