QAD Ltd (NASDAQ:QADA) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $51.50.
Several research firms have weighed in on QADA. ValuEngine upgraded QAD from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BidaskClub cut QAD from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Canaccord Genuity increased their price objective on QAD from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, March 22nd. Stifel Nicolaus increased their target price on QAD from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. Finally, Zacks Investment Research lowered QAD from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd.
Large investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new position in shares of QAD in the 4th quarter worth approximately $186,000. Macquarie Group Ltd. bought a new position in shares of QAD in the 3rd quarter worth approximately $196,000. Dynamic Technology Lab Private Ltd bought a new position in shares of QAD in the 3rd quarter worth approximately $224,000. The Manufacturers Life Insurance Company raised its position in shares of QAD by 10.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock worth $256,000 after acquiring an additional 786 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of QAD by 20.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,077 shares of the software maker’s stock worth $391,000 after acquiring an additional 1,729 shares in the last quarter. 45.71% of the stock is owned by hedge funds and other institutional investors.
QAD Company Profile
QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.
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