Zacks Investment Research upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a report published on Saturday morning, Zacks.com reports. They currently have $50.00 price objective 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. “
A number of other equities analysts have also recently commented on the stock. B. Riley set a $55.00 price target on shares of QAD and gave the stock a buy rating in a research note on Thursday, March 21st. BidaskClub raised shares of QAD from a sell rating to a hold rating in a research note on Friday, March 1st. ValuEngine cut shares of QAD from a strong-buy rating to a buy rating in a research note on Monday, February 4th. Finally, TheStreet raised shares of QAD from a c rating to a b- rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. QAD has an average rating of Buy and a consensus price target of $52.33.
QADA stock opened at $44.65 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 1.61. QAD has a one year low of $38.39 and a one year high of $61.80. The company has a market capitalization of $883.13 million, a price-to-earnings ratio of 87.55 and a beta of 1.26.
QAD (NASDAQ:QADA) last released its quarterly earnings results on Wednesday, March 20th. The software maker reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.27. QAD had a net margin of 3.13% and a return on equity of 8.46%. The business had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $81.64 million. During the same quarter in the previous year, the company earned ($0.28) EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that QAD will post -0.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a $0.072 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.65%. QAD’s payout ratio is 56.86%.
In other news, President Pamela M. Lopker sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $41.00, for a total value of $615,000.00. Following the completion of the sale, the president now directly owns 4,598,085 shares in the company, valued at approximately $188,521,485. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Pamela M. Lopker sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $46.50, for a total transaction of $46,500.00. Following the completion of the sale, the president now owns 4,557,095 shares of the company’s stock, valued at $211,904,917.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,556 shares of company stock valued at $3,096,251. Company insiders own 43.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in QADA. Bank of New York Mellon Corp lifted its holdings in shares of QAD by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,733 shares of the software maker’s stock worth $4,149,000 after acquiring an additional 3,606 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of QAD by 20.0% in the 3rd quarter. Wells Fargo & Company MN now owns 18,159 shares of the software maker’s stock worth $1,029,000 after acquiring an additional 3,023 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in QAD by 13.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,082 shares of the software maker’s stock valued at $1,874,000 after buying an additional 3,919 shares during the last quarter. Prudential Financial Inc. raised its holdings in QAD by 61.9% during the 3rd quarter. Prudential Financial Inc. now owns 26,541 shares of the software maker’s stock valued at $1,503,000 after buying an additional 10,146 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in 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 during the last quarter. Hedge funds and other institutional investors own 44.68% 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.
See Also: Return on Equity (ROE)
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