QAD Inc. (QADA) To Go Ex-Dividend on June 23rd
QAD Inc. (NASDAQ:QADA) declared a quarterly dividend on Thursday, June 15th, Wall Street Journal reports. Stockholders of record on Tuesday, June 27th will be paid a dividend of 0.072 per share by the software maker on Thursday, July 6th. This represents a $0.29 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, June 23rd.
QAD (NASDAQ:QADA) opened at 30.95 on Friday. The stock’s market capitalization is $588.95 million. QAD has a 12 month low of $18.35 and a 12 month high of $33.40. The stock has a 50 day moving average price of $31.21 and a 200 day moving average price of $29.62.
QAD (NASDAQ:QADA) last announced its earnings results on Thursday, May 25th. The software maker reported ($0.13) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.13). QAD had a positive return on equity of 1.22% and a negative net margin of 5.49%. The company had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $68.54 million. During the same period last year, the firm earned ($0.07) EPS. QAD’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that QAD will post $0.33 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in QAD by 5.6% in the first quarter. Teachers Advisors LLC now owns 15,222 shares of the software maker’s stock worth $424,000 after buying an additional 807 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in QAD by 111.1% in the first quarter. Goldman Sachs Group Inc. now owns 22,344 shares of the software maker’s stock worth $623,000 after buying an additional 11,760 shares in the last quarter. Geode Capital Management LLC boosted its stake in QAD by 4.1% in the first quarter. Geode Capital Management LLC now owns 62,420 shares of the software maker’s stock worth $1,738,000 after buying an additional 2,481 shares in the last quarter. Bank of America Corp DE boosted its stake in QAD by 0.7% in the first quarter. Bank of America Corp DE now owns 62,560 shares of the software maker’s stock worth $1,742,000 after buying an additional 450 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in QAD by 7.6% in the first quarter. Vanguard Group Inc. now owns 368,667 shares of the software maker’s stock worth $10,267,000 after buying an additional 25,913 shares in the last quarter. 52.31% of the stock is currently owned by institutional investors and hedge funds.
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QADA has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 target price (up from $30.00) on shares of QAD in a report on Friday, March 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $33.00 target price (up from $30.00) on shares of QAD in a report on Saturday, March 11th. TheStreet cut QAD from a “b-” rating to a “c” rating in a report on Thursday, March 9th. Sidoti initiated coverage on QAD in a report on Wednesday, April 19th. They issued a “neutral” rating on the stock. Finally, ValuEngine raised QAD from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $32.75.
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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