QAD Inc. (QADA) Holdings Reduced by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC decreased its holdings in QAD Inc. (NASDAQ:QADA) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,531 shares of the software maker’s stock after selling 5,171 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.30% of QAD worth $1,844,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of QADA. Bank of New York Mellon Corp grew its holdings in QAD by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 69,426 shares of the software maker’s stock valued at $1,933,000 after buying an additional 2,214 shares during the period. American International Group Inc. grew its holdings in QAD by 7.0% in the 1st quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock valued at $161,000 after buying an additional 378 shares during the period. Vanguard Group Inc. grew its holdings in QAD by 7.6% in 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. Geode Capital Management LLC grew its holdings in QAD by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 62,420 shares of the software maker’s stock valued at $1,738,000 after buying an additional 2,481 shares during the period. Finally, Bank of America Corp DE grew its holdings in QAD by 0.7% in the 1st quarter. Bank of America Corp DE now owns 62,560 shares of the software maker’s stock valued at $1,742,000 after buying an additional 450 shares during the period. Institutional investors own 43.34% of the company’s stock.
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A number of analysts have recently issued reports on QADA shares. Zacks Investment Research cut QAD from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Stifel Nicolaus boosted their target price on QAD from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, September 20th. Canaccord Genuity boosted their target price on QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, BidaskClub upgraded QAD from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $37.00.
Shares of QAD Inc. (NASDAQ:QADA) opened at $37.25 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 1.59. QAD Inc. has a fifty-two week low of $23.60 and a fifty-two week high of $39.70.
QAD (NASDAQ:QADA) last issued its earnings results on Friday, August 25th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. QAD had a negative return on equity of 0.47% and a negative net margin of 5.98%. The business had revenue of $76.00 million during the quarter, compared to analysts’ expectations of $72.16 million. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. equities analysts predict that QAD Inc. will post -0.18 earnings per share for the current fiscal 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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