Shares of QAD Inc. (NASDAQ:QADA) have received an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.67.
A number of equities analysts recently weighed in on the company. BidaskClub raised QAD from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Stifel Nicolaus raised their price objective on QAD from $53.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research cut QAD from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, B. Riley set a $62.00 price objective on QAD and gave the company a “buy” rating in a report on Wednesday, November 21st.
Shares of QADA opened at $43.72 on Tuesday. The stock has a market cap of $884.47 million, a PE ratio of -93.02 and a beta of 1.35. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.11. QAD has a 12-month low of $34.90 and a 12-month high of $61.80.
QAD (NASDAQ:QADA) last announced its quarterly earnings data on Tuesday, November 20th. The software maker reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $79.58 million for the quarter, compared to analysts’ expectations of $81.12 million. QAD had a return on equity of 0.08% and a net margin of 0.10%. QAD’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) EPS. On average, equities analysts forecast that QAD will post -0.02 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of QAD by 3.9% during the 3rd quarter. BlackRock Inc. now owns 739,353 shares of the software maker’s stock valued at $41,883,000 after buying an additional 28,043 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of QAD by 8.6% during the 3rd quarter. Renaissance Technologies LLC now owns 660,577 shares of the software maker’s stock valued at $37,422,000 after buying an additional 52,059 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in QAD by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 368,463 shares of the software maker’s stock worth $20,873,000 after purchasing an additional 24,288 shares during the period. Whetstone Capital Advisors LLC increased its stake in QAD by 15.1% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 250,000 shares of the software maker’s stock worth $14,163,000 after purchasing an additional 32,867 shares during the period. Finally, Northern Trust Corp increased its stake in QAD by 9.4% in the 2nd quarter. Northern Trust Corp now owns 129,398 shares of the software maker’s stock worth $6,489,000 after purchasing an additional 11,092 shares during the period. 45.36% of the stock is currently owned by institutional investors.
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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