QAD (NASDAQ:QADA) Raised to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a research note published on Tuesday morning, Zacks.com reports. The brokerage currently has $44.00 target price on the software maker’s stock.

According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “

A number of other equities research analysts have also commented on the stock. ValuEngine raised shares of QAD from a hold rating to a buy rating in a report on Tuesday, July 2nd. BidaskClub lowered shares of QAD from a buy rating to a hold rating in a report on Friday, August 9th. Finally, TheStreet lowered shares of QAD from a b- rating to a c rating in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $50.33.

Shares of NASDAQ:QADA opened at $37.39 on Tuesday. QAD has a 12 month low of $36.49 and a 12 month high of $61.80. The company’s 50-day moving average price is $41.55 and its two-hundred day moving average price is $43.63. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18. The firm has a market cap of $732.26 million, a P/E ratio of 73.31 and a beta of 1.09.

QAD (NASDAQ:QADA) last issued its quarterly earnings data on Wednesday, May 29th. The software maker reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. QAD had a net margin of 1.78% and a return on equity of 4.81%. The firm had revenue of $78.00 million for the quarter, compared to analyst estimates of $78.25 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue was down 9.5% on a year-over-year basis. As a group, equities analysts predict that QAD will post -0.26 earnings per share for the current fiscal year.

In other news, President Pamela M. Lopker sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $43.89, for a total value of $87,780.00. Following the transaction, the president now owns 4,440,095 shares of the company’s stock, valued at approximately $194,875,769.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Pamela M. Lopker sold 683 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $42.32, for a total transaction of $28,904.56. Following the completion of the transaction, the president now directly owns 4,467,095 shares in the company, valued at approximately $189,047,460.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,117 shares of company stock worth $1,331,692. Insiders own 51.83% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of QAD by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 388,200 shares of the software maker’s stock valued at $15,268,000 after purchasing an additional 19,737 shares during the last quarter. AltraVue Capital LLC boosted its stake in shares of QAD by 83.2% in the 2nd quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock valued at $10,263,000 after purchasing an additional 115,911 shares during the last quarter. Cortina Asset Management LLC bought a new position in shares of QAD in the 2nd quarter valued at about $4,763,000. Geode Capital Management LLC boosted its stake in shares of QAD by 5.5% in the 4th 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 last quarter. Finally, Rutabaga Capital Management LLC MA boosted its stake in shares of QAD by 3.6% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 104,716 shares of the software maker’s stock valued at $4,510,000 after purchasing an additional 3,600 shares during the last quarter. 47.14% of the stock is currently owned by 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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