QAD Inc. (NASDAQ:QADA) has received an average recommendation of “Buy” from the six research firms that are covering the firm. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $33.00.
QADA has been the topic of several research reports. TheStreet lowered QAD from a “b-” rating to a “c” rating in a research note on Thursday, March 9th. Canaccord Genuity restated a “buy” rating and set a $33.00 price target (up previously from $30.00) on shares of QAD in a research note on Saturday, March 11th. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. Sidoti initiated coverage on QAD in a research note on Wednesday, April 19th. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $33.00 price target (up previously from $30.00) on shares of QAD in a research note on Friday, March 10th.
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Several institutional investors have recently made changes to their positions in QADA. Nantahala Capital Management LLC raised its position in shares of QAD by 49.4% in the third quarter. Nantahala Capital Management LLC now owns 774,933 shares of the software maker’s stock valued at $17,343,000 after buying an additional 256,217 shares in the last quarter. Divisar Capital Management LLC purchased a new position in shares of QAD during the fourth quarter valued at approximately $6,444,000. Russell Investments Group Ltd. purchased a new position in shares of QAD during the fourth quarter valued at approximately $3,677,000. JPMorgan Chase & Co. raised its position in shares of QAD by 56.0% in the first quarter. JPMorgan Chase & Co. now owns 131,936 shares of the software maker’s stock valued at $3,675,000 after buying an additional 47,342 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in shares of QAD during the third quarter valued at approximately $1,018,000. Hedge funds and other institutional investors own 47.49% of the company’s stock.
Shares of QAD (NASDAQ:QADA) remained flat at $30.05 during mid-day trading on Monday. 39,970 shares of the company’s stock traded hands. The stock’s market cap is $571.52 million. QAD has a one year low of $18.35 and a one year high of $31.40. The stock’s 50 day moving average is $29.64 and its 200 day moving average is $28.73.
QAD (NASDAQ:QADA) last announced its quarterly earnings results on Thursday, March 9th. The software maker reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by $0.01. The firm had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $73 million. QAD had a net margin of 1.29% and a return on equity of 3.72%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. Analysts forecast that QAD will post $0.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 2nd. Stockholders of record on Tuesday, April 25th were paid a dividend of $0.072 per share. The ex-dividend date was Friday, April 21st. This represents a $0.29 annualized dividend and a dividend yield of 0.96%. QAD’s dividend payout ratio is currently 161.12%.
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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