QAD Inc. (QADA) Declares $0.07 Quarterly Dividend
QAD Inc. (NASDAQ:QADA) announced a quarterly dividend on Friday, September 16th. Investors of record on Wednesday, September 28th will be paid a dividend of 0.072 per share on Wednesday, October 5th. This represents a $0.29 annualized dividend and a yield of 1.37%. The ex-dividend date is Monday, September 26th.
Several large investors have recently bought and sold shares of QADA. Teachers Advisors Inc. raised its position in QAD by 0.7% in the second quarter. Teachers Advisors Inc. now owns 14,415 shares of the company’s stock valued at $278,000 after buying an additional 101 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in QAD by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 260,231 shares of the company’s stock valued at $5,015,000 after buying an additional 951 shares during the period. Nationwide Fund Advisors raised its position in QAD by 17.7% in the second quarter. Nationwide Fund Advisors now owns 7,973 shares of the company’s stock valued at $154,000 after buying an additional 1,200 shares during the period. Ranger Investment Management L.P. raised its position in QAD by 4.2% in the second quarter. Ranger Investment Management L.P. now owns 51,650 shares of the company’s stock valued at $995,000 after buying an additional 2,090 shares during the period. Finally, BlackRock Investment Management LLC raised its position in QAD by 7.6% in the second quarter. BlackRock Investment Management LLC now owns 41,596 shares of the company’s stock valued at $802,000 after buying an additional 2,940 shares during the period. Institutional investors and hedge funds own 45.24% of the company’s stock.
Several equities research analysts recently issued reports on QADA shares. Zacks Investment Research cut shares of QAD from a “hold” rating to a “sell” rating in a report on Thursday, May 26th. Benchmark Co. lifted their price target on shares of QAD from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 26th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $26.25.
QAD (NASDAQ:QADA) opened at 21.04 on Monday. The stock’s 50 day moving average is $20.61 and its 200 day moving average is $20.00. The stock has a market cap of $399.19 million, a PE ratio of 88.03 and a beta of 1.05. QAD has a 52 week low of $17.11 and a 52 week high of $27.56.
QAD (NASDAQ:QADA) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. QAD had a net margin of 1.68% and a return on equity of 5.00%. The business earned $69.80 million during the quarter. During the same quarter in the prior year, the firm posted $0.19 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts predict that QAD will post $0.39 EPS for the current year.
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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