QAD Inc. (NASDAQ:QADA) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $44.50.
Several equities analysts recently issued reports on the company. BidaskClub upgraded QAD from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Canaccord Genuity reiterated a “buy” rating and set a $44.00 target price (up previously from $36.00) on shares of QAD in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Stifel Nicolaus boosted their target price on QAD from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Zacks Investment Research cut QAD from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QADA. MetLife Investment Advisors LLC acquired a new position in QAD during the 4th quarter worth approximately $186,000. Macquarie Group Ltd. acquired a new position in QAD during the 3rd quarter worth approximately $196,000. Dynamic Technology Lab Private Ltd acquired a new position in QAD during the 3rd quarter worth approximately $224,000. Wells Fargo & Company MN increased its position in QAD by 11.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock worth $248,000 after purchasing an additional 796 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in QAD by 10.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock worth $256,000 after purchasing an additional 786 shares during the period. Institutional investors own 44.47% of the company’s stock.
QAD (NASDAQ:QADA) last issued its quarterly earnings results on Tuesday, November 21st. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $76.93 million for the quarter, compared to analysts’ expectations of $73.99 million. QAD had a negative return on equity of 2.06% and a negative net margin of 6.40%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. equities research analysts forecast that QAD will post -0.25 EPS for the current fiscal year.
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.
Receive News & Ratings for QAD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD and related companies with MarketBeat.com's FREE daily email newsletter.