QAD Inc. (QADA) Given Consensus Rating of “Buy” by Brokerages

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QAD Inc. (NASDAQ:QADA) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $52.67.

Several analysts have recently commented on the stock. B. Riley set a $55.00 price target on shares of QAD and gave the company a “buy” rating in a research report on Thursday, March 21st. ValuEngine cut QAD from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded QAD from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Saturday, March 16th. BidaskClub upgraded QAD from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Finally, TheStreet raised QAD from a “c” rating to a “b-” rating in a research note on Thursday, March 21st.

In other news, President Pamela M. Lopker sold 1,000 shares of QAD stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $41.00, for a total value of $41,000.00. Following the completion of the sale, the president now directly owns 4,808,095 shares of the company’s stock, valued at $197,131,895. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Pamela M. Lopker sold 8,000 shares of the business’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $40.90, for a total value of $327,200.00. Following the completion of the sale, the president now owns 4,619,095 shares in the company, valued at approximately $188,920,985.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,556 shares of company stock valued at $3,218,421. 43.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Roubaix Capital LLC purchased a new stake in QAD during the 1st quarter valued at approximately $2,283,000. Deutsche Bank AG increased its holdings in shares of QAD by 18.0% in the fourth quarter. Deutsche Bank AG now owns 83,900 shares of the software maker’s stock valued at $3,297,000 after purchasing an additional 12,819 shares during the period. Geode Capital Management LLC increased its holdings in shares of QAD by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 114,191 shares of the software maker’s stock valued at $4,491,000 after purchasing an additional 5,943 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of QAD by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 388,200 shares of the software maker’s stock worth $15,268,000 after purchasing an additional 19,737 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of QAD by 32.9% during the fourth quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock worth $76,000 after purchasing an additional 482 shares during the last quarter. 44.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ QADA traded up $0.34 during trading on Monday, hitting $43.52. 91,477 shares of the company were exchanged, compared to its average volume of 85,920. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.10. The firm has a market cap of $854.30 million, a PE ratio of 85.33 and a beta of 1.26. QAD has a 12-month low of $38.39 and a 12-month high of $61.80.

QAD (NASDAQ:QADA) last released its quarterly earnings data on Wednesday, March 20th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.27. The firm had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $81.64 million. QAD had a net margin of 3.13% and a return on equity of 8.46%. QAD’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned ($0.28) earnings per share. Research analysts expect that QAD will post -0.27 EPS for the current year.

About QAD

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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