Rhumbline Advisers increased its stake in QAD Inc. (NASDAQ:QADA) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,799 shares of the software maker’s stock after buying an additional 90 shares during the period. Rhumbline Advisers owned 0.06% of QAD worth $346,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. American International Group Inc. increased its stake in QAD by 7.0% in the 1st quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock worth $161,000 after buying an additional 378 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in QAD in the 1st quarter worth about $247,000. Stifel Financial Corp purchased a new position in QAD in the 1st quarter worth about $262,000. Goldman Sachs Group Inc. increased its stake in QAD by 111.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,344 shares of the software maker’s stock worth $623,000 after buying an additional 11,760 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in QAD by 44.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the software maker’s stock worth $654,000 after buying an additional 6,300 shares during the period. 43.67% of the stock is currently owned by institutional investors.
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QAD Inc. (NASDAQ QADA) opened at 36.30 on Monday. The firm’s 50-day moving average is $33.54 and its 200 day moving average is $31.25. QAD Inc. has a one year low of $21.80 and a one year high of $37.55. The company’s market capitalization is $697.54 million.
QAD (NASDAQ:QADA) last issued its quarterly earnings results on Friday, August 25th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. The company had revenue of $76.00 million for the quarter, compared to analyst estimates of $72.16 million. QAD had a negative net margin of 5.98% and a negative return on equity of 0.47%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, equities analysts expect that QAD Inc. will post $0.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 26th were paid a dividend of $0.072 per share. The ex-dividend date was Monday, September 25th. This represents a $0.29 dividend on an annualized basis and a yield of 0.79%. QAD’s dividend payout ratio (DPR) is presently -30.85%.
Several research analysts recently commented on the stock. BidaskClub raised shares of QAD from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus increased their target price on shares of QAD from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, September 20th. William Blair reiterated an “outperform” rating on shares of QAD in a report on Wednesday, June 28th. Canaccord Genuity increased their target price on shares of QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $35.50.
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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