QAD Inc. (QADB) To Go Ex-Dividend on June 23rd
QAD Inc. (NASDAQ:QADB) declared a quarterly dividend on Thursday, June 15th, Wall Street Journal reports. Investors of record on Tuesday, June 27th will be given a dividend of 0.06 per share by the software maker on Thursday, July 6th. This represents a $0.24 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, June 23rd.
QAD (QADB) opened at 26.20 on Friday. The company’s 50 day moving average is $26.34 and its 200 day moving average is $25.14. QAD has a 52-week low of $13.79 and a 52-week high of $27.13. The firm’s market cap is $498.56 million.
QAD (NASDAQ:QADB) last announced its quarterly earnings data on Thursday, May 25th. The software maker reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.08. QAD had a negative net margin of 5.49% and a positive return on equity of 1.22%. The company had revenue of $71.38 million during the quarter. Equities research analysts forecast that QAD will post $0.28 EPS for the current fiscal year.
An institutional investor recently raised its position in QAD stock. Vanguard Group Inc. raised its position in QAD Inc. (NASDAQ:QADB) by 0.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,906 shares of the software maker’s stock after buying an additional 220 shares during the period. Vanguard Group Inc. owned about 0.28% of QAD worth $1,293,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.87% of the company’s stock.
Separately, TheStreet cut shares of QAD from a “b-” rating to a “c” rating in a research note on Thursday, March 9th.
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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