QAD Inc. (QADA) Receives Consensus Rating of “Buy” from Analysts
QAD Inc. (NASDAQ:QADA) has received a consensus rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $35.67.
Several analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of QAD from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday. Canaccord Genuity boosted their target price on shares of QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. BidaskClub raised shares of QAD from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of QAD from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, William Blair reissued an “outperform” rating on shares of QAD in a research report on Wednesday, June 28th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. boosted its holdings in shares of QAD by 7.0% during the 1st quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock worth $161,000 after buying an additional 378 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of QAD by 11.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock worth $248,000 after buying an additional 796 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of QAD by 10.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock worth $256,000 after buying an additional 786 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of QAD during the 1st quarter worth $243,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of QAD during the 1st quarter worth $247,000. 52.43% of the stock is owned by institutional investors and hedge funds.
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Shares of QAD (NASDAQ:QADA) traded up 1.03% during trading on Friday, hitting $34.20. 21,231 shares of the company’s stock were exchanged. QAD has a 1-year low of $21.80 and a 1-year high of $34.45. The stock’s 50 day moving average is $32.20 and its 200 day moving average is $30.64. The firm’s market capitalization is $657.19 million.
QAD (NASDAQ:QADA) last released its quarterly earnings data on Friday, August 25th. The software maker reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. The firm had revenue of $76.00 million for the quarter, compared to analyst estimates 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 for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. On average, equities research analysts forecast that QAD will post $0.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 26th will be issued a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, September 25th. QAD’s dividend payout ratio is currently -30.85%.
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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