Stifel Nicolaus Raises QAD (QADA) Price Target to $53.00

QAD (NASDAQ:QADA) had its price target raised by Stifel Nicolaus from $48.00 to $53.00 in a report issued on Thursday, MarketBeat.com reports. They currently have a buy rating on the software maker’s stock.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded QAD from a hold rating to a sell rating in a research note on Saturday, March 3rd. Canaccord Genuity reaffirmed a buy rating and set a $44.00 target price on shares of QAD in a research note on Tuesday, February 27th. Finally, BidaskClub raised QAD from a hold rating to a buy rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. QAD currently has an average rating of Hold and a consensus target price of $48.00.

QAD stock opened at $42.70 on Thursday. QAD has a twelve month low of $26.50 and a twelve month high of $50.35. The stock has a market capitalization of $821.76, a P/E ratio of -87.14 and a beta of 1.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.60 and a quick ratio of 1.60.

Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of QAD by 10.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock worth $256,000 after buying an additional 786 shares during the period. Millennium Management LLC raised its stake in shares of QAD by 2.7% during the 4th quarter. Millennium Management LLC now owns 60,864 shares of the software maker’s stock worth $2,365,000 after buying an additional 1,593 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of QAD by 20.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,077 shares of the software maker’s stock worth $391,000 after buying an additional 1,729 shares during the period. California Public Employees Retirement System raised its stake in shares of QAD by 6.6% during the 4th quarter. California Public Employees Retirement System now owns 32,832 shares of the software maker’s stock worth $1,276,000 after buying an additional 2,032 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of QAD by 21.8% during the 3rd quarter. Prudential Financial Inc. now owns 11,735 shares of the software maker’s stock worth $403,000 after buying an additional 2,100 shares during the period. 45.71% of the stock is owned by institutional investors and hedge funds.

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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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