Rutabaga Capital Management LLC MA decreased its holdings in QAD Inc. (NASDAQ:QADA) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 291,083 shares of the software maker’s stock after selling 35,450 shares during the quarter. QAD accounts for about 1.7% of Rutabaga Capital Management LLC MA’s investment portfolio, making the stock its 26th largest position. Rutabaga Capital Management LLC MA owned approximately 1.53% of QAD worth $9,329,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of QADA. Whetstone Capital Advisors LLC grew its position in QAD by 600.1% in the second quarter. Whetstone Capital Advisors LLC now owns 162,770 shares of the software maker’s stock worth $5,103,000 after buying an additional 139,521 shares during the last quarter. Renaissance Technologies LLC grew its position in QAD by 10.4% in the second quarter. Renaissance Technologies LLC now owns 661,177 shares of the software maker’s stock worth $21,191,000 after buying an additional 62,300 shares during the last quarter. Divisar Capital Management LLC grew its position in QAD by 24.0% in the first quarter. Divisar Capital Management LLC now owns 262,766 shares of the software maker’s stock worth $7,318,000 after buying an additional 50,796 shares during the last quarter. JPMorgan Chase & Co. grew its position in QAD by 56.0% in the first quarter. JPMorgan Chase & Co. now owns 131,936 shares of the software maker’s stock worth $3,675,000 after buying an additional 47,342 shares during the last quarter. Finally, Royce & Associates LP grew its position in QAD by 12.6% in the second quarter. Royce & Associates LP now owns 372,500 shares of the software maker’s stock worth $11,939,000 after buying an additional 41,700 shares during the last quarter. Hedge funds and other institutional investors own 43.67% of the company’s stock.
Several research firms have issued reports on QADA. BidaskClub lowered shares of QAD from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered shares of QAD from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. William Blair restated an “outperform” rating on shares of QAD in a research report on Wednesday, June 28th. Stifel Nicolaus lifted their price target on shares of QAD from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Finally, Canaccord Genuity lifted their price target on shares of QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.50.
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QAD Inc. (NASDAQ:QADA) traded up 0.14% on Friday, reaching $36.50. 5,447 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $34.12 and its 200 day moving average price is $31.52. QAD Inc. has a 52-week low of $21.80 and a 52-week high of $37.55. The firm’s market capitalization is $701.38 million.
QAD (NASDAQ:QADA) last issued its earnings results on Friday, August 25th. The software maker reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. QAD had a negative net margin of 5.98% and a negative return on equity of 0.47%. The firm had revenue of $76.00 million during the quarter, compared to the consensus estimate of $72.16 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that QAD Inc. will post $0.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 26th were paid a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.79%. The ex-dividend date was Monday, September 25th. QAD’s payout ratio is presently -30.85%.
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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