QAD Inc. (QADA) Shares Sold by Strs Ohio
Strs Ohio reduced its position in shares of QAD Inc. (NASDAQ:QADA) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,500 shares of the software maker’s stock after selling 1,500 shares during the period. Strs Ohio’s holdings in QAD were worth $718,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in shares of QAD by 44.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the software maker’s stock worth $654,000 after buying an additional 6,300 shares during the period. Vanguard Group Inc. boosted its position in shares of QAD by 8.5% during the second quarter. Vanguard Group Inc. now owns 399,989 shares of the software maker’s stock worth $12,820,000 after buying an additional 31,322 shares during the period. OxFORD Asset Management LLP boosted its position in shares of QAD by 20.3% during the third quarter. OxFORD Asset Management LLP now owns 39,807 shares of the software maker’s stock worth $1,375,000 after buying an additional 6,725 shares during the period. Stifel Financial Corp boosted its position in shares of QAD by 69.0% during the second quarter. Stifel Financial Corp now owns 15,972 shares of the software maker’s stock worth $512,000 after buying an additional 6,519 shares during the period. Finally, First Quadrant L P CA purchased a new position in shares of QAD during the third quarter worth $820,000. Institutional investors and hedge funds own 44.89% of the company’s stock.
QADA has been the subject of several research analyst reports. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Stifel Nicolaus raised their price target on QAD from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. BidaskClub upgraded QAD from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, Canaccord Genuity restated a “buy” rating and set a $44.00 price target (up from $36.00) on shares of QAD in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $43.33.
QAD (NASDAQ:QADA) last announced its quarterly earnings data on Tuesday, November 21st. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $76.93 million for the quarter, compared to analysts’ expectations of $73.99 million. QAD had a negative return on equity of 2.06% and a negative net margin of 6.40%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share. analysts anticipate that QAD Inc. will post -0.25 EPS for the current year.
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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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