QAD Inc. Class A (NASDAQ:QADA) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.

Other analysts also recently issued reports about the stock. B. Riley began coverage on shares of QAD Inc. Class A in a research report on Wednesday, July 25th. They issued a “buy” rating and a $71.00 price target on the stock. Stifel Nicolaus increased their price target on shares of QAD Inc. Class A from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $55.75.

Shares of NASDAQ:QADA opened at $59.10 on Friday. The company has a market capitalization of $1.17 billion, a P/E ratio of -125.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.52 and a current ratio of 1.55. QAD Inc. Class A has a fifty-two week low of $32.05 and a fifty-two week high of $61.80.

QAD Inc. Class A (NASDAQ:QADA) last announced its quarterly earnings results on Wednesday, August 22nd. The software maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $84.54 million during the quarter, compared to analyst estimates of $82.39 million. QAD Inc. Class A had a negative net margin of 0.86% and a negative return on equity of 2.60%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. analysts forecast that QAD Inc. Class A will post -0.02 EPS for the current fiscal year.

In related news, CFO Daniel Lender sold 10,324 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $50.66, for a total transaction of $523,013.84. Following the completion of the sale, the chief financial officer now directly owns 195,464 shares of the company’s stock, valued at approximately $9,902,206.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cuylenburg Peter Van sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $51.91, for a total value of $415,280.00. Following the sale, the director now directly owns 26,181 shares of the company’s stock, valued at $1,359,055.71. The disclosure for this sale can be found here. Insiders sold a total of 24,489 shares of company stock worth $1,253,117 over the last quarter. 43.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in QAD Inc. Class A by 1.0% during the 1st quarter. BlackRock Inc. now owns 647,245 shares of the software maker’s stock worth $26,958,000 after purchasing an additional 6,138 shares in the last quarter. Russell Investments Group Ltd. increased its stake in QAD Inc. Class A by 51.7% during the 1st quarter. Russell Investments Group Ltd. now owns 325,589 shares of the software maker’s stock worth $13,560,000 after purchasing an additional 110,948 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in QAD Inc. Class A during the 1st quarter worth approximately $12,482,000. Bank of New York Mellon Corp increased its stake in QAD Inc. Class A by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 82,733 shares of the software maker’s stock worth $4,149,000 after purchasing an additional 3,606 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in QAD Inc. Class A by 20.2% during the 1st quarter. California Public Employees Retirement System now owns 39,459 shares of the software maker’s stock worth $1,643,000 after purchasing an additional 6,627 shares in the last quarter. 45.67% of the stock is owned by institutional investors and hedge funds.

QAD Inc. Class A Company 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.

Read More: Should I invest in “strong buy” stocks?

Receive News & Ratings for QAD Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.