Brokerages Set QAD Inc. (QADA) Target Price at $40.67

QAD Inc. (NASDAQ:QADA) has earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $40.67.

Several equities analysts recently issued reports on QADA shares. Zacks Investment Research downgraded QAD from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Canaccord Genuity upped their target price on QAD from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Stifel Nicolaus upped their target price on QAD from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, BidaskClub raised QAD from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th.

QAD (QADA) traded up $0.60 during midday trading on Friday, hitting $36.60. The company had a trading volume of 32,735 shares, compared to its average volume of 37,074. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 1.59. QAD has a 52-week low of $26.04 and a 52-week high of $42.00.

QAD (NASDAQ:QADA) last released its earnings results 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. QAD had a negative return on equity of 2.05% and a negative net margin of 6.40%. The firm had revenue of $76.93 million for the quarter, compared to the consensus estimate of $73.99 million. During the same period in the prior year, the firm earned $0.07 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. analysts expect that QAD will post -0.25 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in QADA. American International Group Inc. grew its position in 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 purchasing an additional 378 shares during the period. Vanguard Group Inc. grew its position in QAD by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 368,667 shares of the software maker’s stock worth $10,267,000 after purchasing an additional 25,913 shares during the period. Geode Capital Management LLC grew its position in QAD by 4.1% during the 1st quarter. Geode Capital Management LLC now owns 62,420 shares of the software maker’s stock worth $1,738,000 after purchasing an additional 2,481 shares during the period. Bank of America Corp DE grew its position in QAD by 0.7% during the 1st quarter. Bank of America Corp DE now owns 62,560 shares of the software maker’s stock worth $1,742,000 after purchasing an additional 450 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in QAD by 111.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,344 shares of the software maker’s stock worth $623,000 after purchasing an additional 11,760 shares during the period. 44.89% of the stock is currently owned by institutional investors.

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About QAD

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.

Analyst Recommendations for QAD (NASDAQ:QADA)

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