QAD Inc. (QADA) PT Raised to $45.00
QAD Inc. (NASDAQ:QADA) had its price target raised by Stifel Nicolaus from $40.00 to $45.00 in a research report report published on Wednesday, MarketBeat Ratings reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.
A number of other equities analysts have also recently commented on QADA. Zacks Investment Research raised QAD from a hold rating to a buy rating and set a $35.00 target price on the stock in a report on Wednesday, July 26th. BidaskClub raised QAD from a sell rating to a hold rating in a report on Tuesday, August 8th. Finally, Canaccord Genuity raised their price target on QAD from $35.00 to $36.00 and gave the company a buy rating in a report on Monday, August 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $40.75.
QAD (QADA) opened at $37.95 on Wednesday. QAD has a twelve month low of $26.04 and a twelve month high of $42.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.12.
QAD (NASDAQ:QADA) last announced its earnings results on Tuesday, November 21st. The software maker reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. QAD had a negative return on equity of 2.05% and a negative net margin of 6.40%. The company had revenue of $76.93 million for the quarter, compared to analysts’ expectations of $73.99 million. During the same period last year, the firm earned $0.07 EPS. QAD’s revenue for the quarter was up 10.6% compared to the same quarter last year. equities research analysts predict that QAD will post -0.18 EPS for the current year.
Large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its holdings in QAD by 44.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the software maker’s stock valued at $654,000 after acquiring an additional 6,300 shares during the period. Vanguard Group Inc. raised its holdings in QAD by 8.5% during the second quarter. Vanguard Group Inc. now owns 399,989 shares of the software maker’s stock valued at $12,820,000 after acquiring an additional 31,322 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of QAD by 1.5% in the second quarter. Russell Investments Group Ltd. now owns 102,053 shares of the software maker’s stock worth $3,270,000 after purchasing an additional 1,481 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of QAD in the second quarter worth about $851,000. Finally, Royce & Associates LP increased its holdings in shares of QAD by 12.6% in the second quarter. Royce & Associates LP now owns 372,500 shares of the software maker’s stock worth $11,939,000 after purchasing an additional 41,700 shares during the last quarter. 44.10% of the stock is currently owned by institutional investors and hedge funds.
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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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