Shares of QAD Inc. (NASDAQ:QADA) have received an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.67.
A number of research firms have issued reports on QADA. BidaskClub downgraded QAD from a “sell” rating to a “strong sell” rating in a research note on Thursday. Stifel Nicolaus lifted their price objective on QAD from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Finally, B. Riley began coverage on QAD in a research note on Wednesday, July 25th. They issued a “buy” rating and a $71.00 price objective on the stock.
NASDAQ:QADA traded up $0.20 during trading hours on Monday, reaching $46.95. The stock had a trading volume of 94,545 shares, compared to its average volume of 47,967. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.55 and a quick ratio of 1.55. QAD has a 52 week low of $34.90 and a 52 week high of $61.80. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -99.89 and a beta of 1.07.
QAD (NASDAQ:QADA) last released its quarterly earnings data on Wednesday, August 22nd. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). QAD had a negative return on equity of 2.60% and a negative net margin of 0.86%. The firm had revenue of $84.54 million during the quarter, compared to the consensus estimate of $82.39 million. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s revenue was up 11.3% compared to the same quarter last year. As a group, analysts anticipate that QAD will post -0.04 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 25th were given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Monday, September 24th. QAD’s dividend payout ratio is currently -61.70%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of QAD by 9.4% during the 2nd quarter. Northern Trust Corp now owns 129,398 shares of the software maker’s stock valued at $6,489,000 after purchasing an additional 11,092 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of QAD by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 82,733 shares of the software maker’s stock valued at $4,149,000 after purchasing an additional 3,606 shares during the last quarter. Barclays PLC increased its position in shares of QAD by 226.2% during the 1st quarter. Barclays PLC now owns 5,304 shares of the software maker’s stock valued at $220,000 after purchasing an additional 3,678 shares during the last quarter. Blair William & Co. IL increased its position in shares of QAD by 17.1% during the 1st quarter. Blair William & Co. IL now owns 10,295 shares of the software maker’s stock valued at $429,000 after purchasing an additional 1,502 shares during the last quarter. Finally, Epoch Investment Partners Inc. bought a new position in shares of QAD during the 1st quarter valued at approximately $12,482,000. 45.23% of the stock is currently 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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