QAD (NASDAQ:QADA) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a research note published on Saturday, Zacks.com reports. The brokerage currently has $61.00 price target on the software maker’s stock.

According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “

QADA has been the topic of several other reports. ValuEngine downgraded shares of QAD from a buy rating to a hold rating in a research report on Friday, January 3rd. Sidoti increased their price objective on shares of QAD from $55.00 to $60.00 and gave the company a buy rating in a research report on Friday, January 3rd. B. Riley reissued a buy rating and set a $60.00 price objective on shares of QAD in a research report on Wednesday, November 27th. Stifel Nicolaus increased their price objective on shares of QAD from $49.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, November 27th. Finally, BidaskClub raised shares of QAD from a sell rating to a hold rating in a research report on Saturday, February 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $59.75.

Shares of QADA stock opened at $49.82 on Friday. QAD has a one year low of $35.00 and a one year high of $54.54. The company’s 50-day moving average is $52.00 and its 200 day moving average is $47.27. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -81.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55.

QAD (NASDAQ:QADA) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. QAD had a negative net margin of 3.63% and a negative return on equity of 0.01%. The company had revenue of $77.80 million for the quarter, compared to the consensus estimate of $78.28 million. During the same period in the prior year, the firm posted $0.14 EPS. QAD’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts predict that QAD will post -0.45 earnings per share for the current fiscal year.

In other news, President Pamela M. Lopker sold 4,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $50.86, for a total transaction of $203,440.00. Following the sale, the president now owns 4,317,945 shares of the company’s stock, valued at approximately $219,610,682.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Pamela M. Lopker sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $48.67, for a total transaction of $146,010.00. Following the sale, the president now directly owns 4,418,095 shares in the company, valued at approximately $215,028,683.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,569 shares of company stock worth $2,077,141. Insiders own 51.83% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in shares of QAD by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 17,180 shares of the software maker’s stock valued at $793,000 after acquiring an additional 205 shares during the last quarter. American International Group Inc. boosted its holdings in shares of QAD by 3.1% in the fourth quarter. American International Group Inc. now owns 7,179 shares of the software maker’s stock worth $366,000 after buying an additional 216 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of QAD by 0.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 64,092 shares of the software maker’s stock worth $3,264,000 after buying an additional 282 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of QAD by 2.2% in the fourth quarter. Rhumbline Advisers now owns 15,525 shares of the software maker’s stock worth $791,000 after buying an additional 336 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of QAD by 49.8% in the fourth quarter. Bank of Montreal Can now owns 1,447 shares of the software maker’s stock worth $74,000 after buying an additional 481 shares during the last quarter. 46.65% 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.

Further Reading: Cash Flow

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