Wells Fargo & Company MN raised its position in shares of QAD Inc. (NASDAQ:QADA) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,619 shares of the software maker’s stock after purchasing an additional 1,365 shares during the period. Wells Fargo & Company MN owned 0.13% of QAD worth $1,029,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of QADA. Swiss National Bank increased its stake in shares of QAD by 2.6% in the second quarter. Swiss National Bank now owns 19,800 shares of the software maker’s stock valued at $796,000 after purchasing an additional 500 shares during the period. Aperio Group LLC bought a new stake in QAD during the 2nd quarter valued at $74,000. AltraVue Capital LLC boosted its position in QAD by 83.2% during the 2nd quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock worth $10,263,000 after acquiring an additional 115,911 shares during the period. Dupont Capital Management Corp acquired a new position in QAD during the 2nd quarter worth $808,000. Finally, SG Americas Securities LLC bought a new position in shares of QAD in the second quarter worth $108,000. 43.81% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on QADA shares. Zacks Investment Research upgraded shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, August 13th. William Blair reiterated an “outperform” rating on shares of QAD in a research report on Wednesday, August 28th. ValuEngine raised shares of QAD from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 16th. B. Riley set a $55.00 price target on shares of QAD and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, BidaskClub upgraded shares of QAD from a “buy” rating to a “strong-buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. QAD currently has a consensus rating of “Buy” and an average price target of $50.33.
QADA traded down $0.62 during trading on Tuesday, reaching $45.56. The stock had a trading volume of 40,522 shares, compared to its average volume of 65,745. The stock has a 50 day moving average of $41.25 and a two-hundred day moving average of $43.17. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $938.69 million, a price-to-earnings ratio of 89.33 and a beta of 1.09. QAD Inc. has a 1-year low of $35.00 and a 1-year high of $57.95.
QAD (NASDAQ:QADA) last issued its quarterly earnings results on Wednesday, August 21st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.21. QAD had a positive return on equity of 2.27% and a negative net margin of 2.70%. The company had revenue of $76.38 million for the quarter, compared to analysts’ expectations of $77.89 million. During the same period last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, research analysts forecast that QAD Inc. will post -0.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 18th were given a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.63%. The ex-dividend date was Tuesday, September 17th. QAD’s dividend payout ratio (DPR) is presently 56.86%.
QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.
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