QAD Inc. (QADA) Position Cut by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP trimmed its position in QAD Inc. (NASDAQ:QADA) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 406,806 shares of the software maker’s stock after selling 31,199 shares during the quarter. Dimensional Fund Advisors LP owned 2.14% of QAD worth $13,038,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. American International Group Inc. increased its stake in QAD by 7.0% in the first quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock valued at $161,000 after acquiring an additional 378 shares during the last quarter. Wells Fargo & Company MN increased its stake in QAD by 11.5% in the second quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock valued at $248,000 after acquiring an additional 796 shares during the last quarter. Prudential Financial Inc. bought a new position in QAD in the second quarter valued at approximately $309,000. Ameriprise Financial Inc. bought a new position in QAD in the second quarter valued at approximately $322,000. Finally, Rhumbline Advisers increased its stake in QAD by 0.8% in the second quarter. Rhumbline Advisers now owns 10,799 shares of the software maker’s stock valued at $346,000 after acquiring an additional 90 shares during the last quarter. 43.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of QAD Inc. (NASDAQ:QADA) opened at $36.95 on Tuesday. QAD Inc. has a one year low of $24.50 and a one year high of $39.70. 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 (NASDAQ:QADA) last posted its earnings results on Friday, August 25th. The software maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $76.00 million for the quarter, compared to analysts’ expectations of $72.16 million. QAD had a negative net margin of 5.98% and a negative return on equity of 0.47%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. equities analysts forecast that QAD Inc. will post -0.18 earnings per share for the current year.
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A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Stifel Nicolaus lifted their price objective on shares of QAD from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, September 20th. Canaccord Genuity lifted their price objective on shares of QAD from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, BidaskClub raised shares of QAD from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $37.00.
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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