QAD Inc. (NASDAQ:QADA) has been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $35.67.
Several equities analysts have recently issued reports on QADA shares. William Blair reaffirmed an “outperform” rating on shares of QAD in a report on Wednesday, June 28th. BidaskClub lowered QAD from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, July 26th. Canaccord Genuity upped their target price on QAD from $35.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 28th. Finally, Stifel Nicolaus upped their target price on QAD from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, September 20th.
Shares of QAD (NASDAQ:QADA) traded down 1.50% on Thursday, reaching $36.10. The company had a trading volume of 9,056 shares. QAD has a 12 month low of $21.80 and a 12 month high of $37.55. The stock has a 50-day moving average price of $34.33 and a 200-day moving average price of $31.65. The stock’s market cap is $693.70 million.
QAD (NASDAQ:QADA) last issued its quarterly earnings data on Friday, August 25th. The software maker reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $76.00 million during the quarter, compared to analyst estimates of $72.16 million. QAD had a negative return on equity of 0.47% and a negative net margin of 5.98%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. Analysts predict that QAD will post $0.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 26th were paid a $0.072 dividend. The ex-dividend date was Monday, September 25th. This represents a $0.29 annualized dividend and a yield of 0.78%. QAD’s payout ratio is -30.85%.
Institutional investors have recently bought and sold shares of the stock. American International Group Inc. lifted its stake in QAD by 7.0% in the first quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock valued at $161,000 after purchasing an additional 378 shares during the last quarter. Wells Fargo & Company MN lifted its stake in QAD by 11.5% in the second quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock valued at $248,000 after purchasing an additional 796 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in QAD by 10.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock valued at $256,000 after purchasing an additional 786 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in QAD in the first quarter valued at approximately $247,000. Finally, Stifel Financial Corp purchased a new position in QAD in the first quarter valued at approximately $262,000. Institutional investors and hedge funds own 43.67% of the company’s stock.
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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