Prudential Financial Inc. raised its stake in shares of QAD Inc. (NASDAQ:QADA) by 94.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,035 shares of the software maker’s stock after acquiring an additional 5,837 shares during the period. Prudential Financial Inc. owned about 0.06% of QAD worth $497,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QADA. Marshall Wace North America L.P. bought a new position in QAD during the 1st quarter valued at $41,000. BlackRock Inc. lifted its stake in QAD by 1.5% during the 1st quarter. BlackRock Inc. now owns 849,185 shares of the software maker’s stock valued at $33,907,000 after acquiring an additional 12,768 shares in the last quarter. SG Americas Securities LLC bought a new position in QAD during the 1st quarter valued at $160,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in QAD during the 1st quarter valued at $249,000. Finally, Rhumbline Advisers lifted its stake in QAD by 2.0% during the 1st quarter. Rhumbline Advisers now owns 15,834 shares of the software maker’s stock valued at $632,000 after acquiring an additional 309 shares in the last quarter. Institutional investors and hedge funds own 48.60% of the company’s stock.

A number of equities research analysts have recently commented on the company. BidaskClub cut QAD from a “hold” rating to a “sell” rating in a research note on Wednesday, September 9th. TheStreet upgraded QAD from a “d+” rating to a “c” rating in a research note on Wednesday, August 26th. ValuEngine cut QAD from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Zacks Investment Research cut QAD from a “hold” rating to a “sell” rating in a research note on Wednesday, August 26th. Finally, Stifel Nicolaus lifted their target price on QAD from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.75.

In other QAD news, CFO Daniel Lender sold 8,523 shares of QAD stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $41.02, for a total transaction of $349,613.46. Following the completion of the transaction, the chief financial officer now owns 179,258 shares of the company’s stock, valued at approximately $7,353,163.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 46.14% of the company’s stock.

Shares of QADA opened at $41.97 on Wednesday. The business has a 50-day moving average of $42.59 and a 200 day moving average of $41.78. QAD Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $54.54. The firm has a market cap of $857.66 million, a P/E ratio of 4,201.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48.

QAD (NASDAQ:QADA) last announced its quarterly earnings data on Wednesday, August 26th. The software maker reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.29. QAD had a return on equity of 0.51% and a net margin of 0.06%. As a group, research analysts predict that QAD Inc. will post -0.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, September 22nd. QAD’s dividend payout ratio (DPR) is currently -36.71%.

QAD Profile

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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Institutional Ownership by Quarter for QAD (NASDAQ:QADA)

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