Zacks Investment Research upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a research note released on Saturday morning, Zacks.com reports. They currently have $50.00 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 research firms have also recently commented on QADA. BidaskClub raised shares of QAD from a sell rating to a hold rating in a research report on Friday, March 1st. B. Riley set a $55.00 target price on shares of QAD and gave the company a buy rating in a research report on Thursday, March 21st. TheStreet raised shares of QAD from a c rating to a b- rating in a research report on Thursday, March 21st. Finally, ValuEngine cut shares of QAD from a strong-buy rating to a buy rating in a research report on Monday, February 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $52.33.
NASDAQ QADA opened at $45.55 on Friday. QAD has a 12 month low of $38.39 and a 12 month high of $61.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $873.31 million, a price-to-earnings ratio of 89.31 and a beta of 1.26.
QAD (NASDAQ:QADA) last posted its earnings results on Wednesday, March 20th. The software maker reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.27. QAD had a net margin of 3.13% and a return on equity of 8.46%. The company had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $81.64 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. QAD’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts predict that QAD will post -0.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be paid a dividend of $0.072 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.29 dividend on an annualized basis and a yield of 0.63%. QAD’s dividend payout ratio (DPR) is presently 56.86%.
In other QAD news, President Pamela M. Lopker sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $45.26, for a total transaction of $226,300.00. Following the sale, the president now directly owns 4,499,095 shares in the company, valued at $203,629,039.70. 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 15,000 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $41.00, for a total transaction of $615,000.00. Following the sale, the president now owns 4,598,085 shares in the company, valued at $188,521,485. The disclosure for this sale can be found here. Insiders have sold 76,556 shares of company stock worth $3,322,551 over the last quarter. Insiders own 43.70% of the company’s stock.
A number of large investors have recently modified their holdings of QADA. Quantamental Technologies LLC purchased a new stake in QAD during the fourth quarter worth about $48,000. Legal & General Group Plc increased its stake in 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 period. Victory Capital Management Inc. increased its stake in QAD by 15.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,137 shares of the software maker’s stock worth $123,000 after purchasing an additional 411 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in QAD by 383.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,492 shares of the software maker’s stock worth $137,000 after purchasing an additional 2,769 shares during the period. Finally, ETRADE Capital Management LLC increased its stake in QAD by 25.4% during the fourth quarter. ETRADE Capital Management LLC now owns 8,439 shares of the software maker’s stock worth $332,000 after purchasing an additional 1,712 shares during the period. Institutional investors own 44.68% of the company’s stock.
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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