BidaskClub Downgrades QAD (NASDAQ:QADA) to Sell

QAD (NASDAQ:QADA) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.

A number of other brokerages have also recently issued reports on QADA. Stifel Nicolaus increased their price objective on QAD from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, May 20th. ValuEngine raised shares of QAD from a “hold” rating to a “buy” rating in a research note on Monday, March 9th. B. Riley increased their target price on shares of QAD from $49.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Sidoti reduced their price target on shares of QAD from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $49.75.

QAD stock opened at $41.08 on Tuesday. The firm has a market capitalization of $849.89 million, a P/E ratio of -60.41 and a beta of 1.02. QAD has a one year low of $28.21 and a one year high of $54.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.51 and a quick ratio of 1.51. The business has a fifty day moving average price of $42.87 and a 200-day moving average price of $45.74.

In other QAD news, President Pamela M. Lopker sold 30,000 shares of QAD stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $40.35, for a total transaction of $1,210,500.00. Following the completion of the sale, the president now owns 4,205,334 shares of the company’s stock, valued at $169,685,226.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Daniel Lender sold 2,570 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $42.85, for a total value of $110,124.50. Following the completion of the transaction, the chief financial officer now owns 188,466 shares of the company’s stock, valued at $8,075,768.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,256 shares of company stock valued at $3,553,110. 51.83% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in QAD by 1.5% in the first quarter. BlackRock Inc. now owns 849,185 shares of the software maker’s stock worth $33,907,000 after buying an additional 12,768 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of QAD by 41.3% in the 1st quarter. Capital Research Global Investors now owns 706,300 shares of the software maker’s stock worth $28,203,000 after acquiring an additional 206,371 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of QAD by 0.7% in the 4th quarter. Renaissance Technologies LLC now owns 621,677 shares of the software maker’s stock worth $31,662,000 after acquiring an additional 4,300 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of QAD by 7.3% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 429,660 shares of the software maker’s stock valued at $17,156,000 after purchasing an additional 29,272 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of QAD by 20.6% during the 1st quarter. Russell Investments Group Ltd. now owns 365,514 shares of the software maker’s stock valued at $14,594,000 after purchasing an additional 62,353 shares during the last quarter. Institutional investors own 48.76% 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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