QAD (NASDAQ:QADA) Lowered to Hold at ValuEngine

ValuEngine lowered shares of QAD (NASDAQ:QADA) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

QADA has been the topic of several other research reports. Zacks Investment Research raised QAD from a hold rating to a buy rating and set a $46.00 target price on the stock in a research note on Wednesday, May 20th. Sidoti reduced their price target on shares of QAD from $60.00 to $50.00 and set a buy rating on the stock in a research report on Thursday, March 19th. B. Riley lifted their price objective on shares of QAD from $49.00 to $55.00 and gave the company a buy rating in a report on Thursday, May 28th. Stifel Nicolaus increased their target price on shares of QAD from $40.00 to $48.00 and gave the stock a buy rating in a report on Thursday, May 28th. Finally, BidaskClub downgraded shares of QAD from a hold rating to a sell rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $49.75.

QAD stock opened at $41.74 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a 50 day moving average price of $42.48 and a 200 day moving average price of $45.36. QAD has a fifty-two week low of $28.21 and a fifty-two week high of $54.54. The company has a market capitalization of $852.96 million, a PE ratio of 4,174.00 and a beta of 1.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.29 annualized dividend and a dividend yield of 0.69%. QAD’s dividend payout ratio is currently -36.71%.

In other news, President Pamela M. Lopker sold 30,000 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $40.35, for a total value of $1,210,500.00. Following the completion of the transaction, the president now owns 4,205,334 shares in the company, valued at approximately $169,685,226.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anton Chilton sold 10,067 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $43.12, for a total transaction of $434,089.04. Following the completion of the transaction, the chief executive officer now directly owns 59,031 shares in the company, valued at $2,545,416.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,256 shares of company stock worth $3,553,110. Company insiders own 46.14% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its position in QAD by 0.4% during the 4th 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 increased its stake in shares of QAD by 2.0% during the first quarter. Rhumbline Advisers now owns 15,834 shares of the software maker’s stock worth $632,000 after acquiring an additional 309 shares during the period. Bank of Montreal Can raised its holdings in QAD by 49.8% during the fourth quarter. Bank of Montreal Can now owns 1,447 shares of the software maker’s stock worth $74,000 after purchasing an additional 481 shares in the last quarter. Alliancebernstein L.P. lifted its position in QAD by 4.5% in the fourth quarter. Alliancebernstein L.P. now owns 11,600 shares of the software maker’s stock valued at $591,000 after purchasing an additional 500 shares during the period. Finally, Swiss National Bank boosted its holdings in QAD by 3.0% in the 4th quarter. Swiss National Bank now owns 20,400 shares of the software maker’s stock valued at $1,039,000 after purchasing an additional 600 shares in the last quarter. 48.76% of the stock is owned by institutional investors and hedge funds.

About QAD

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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