Shares of QAD Inc. (NASDAQ:QADA) have earned an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $53.50.
Several research analysts have recently issued reports on QADA shares. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. TheStreet downgraded shares of Virtusa from a “b-” rating to a “c+” rating in a report on Wednesday, May 29th. Finally, B. Riley set a $55.00 price objective on shares of QAD and gave the stock a “buy” rating in a report on Thursday, March 21st.
In other news, President Pamela M. Lopker sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $47.57, for a total transaction of $285,420.00. Following the transaction, the president now directly owns 4,475,095 shares in the company, valued at $212,880,269.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Pamela M. Lopker sold 5,217 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $42.73, for a total transaction of $222,922.41. Following the transaction, the president now owns 4,472,878 shares in the company, valued at $191,126,076.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,217 shares of company stock worth $1,882,852. Company insiders own 51.83% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of QAD by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 114,191 shares of the software maker’s stock worth $4,491,000 after purchasing an additional 5,943 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of QAD by 383.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,492 shares of the software maker’s stock worth $137,000 after purchasing an additional 2,769 shares in the last quarter. BlackRock Inc. lifted its position in shares of QAD by 7.1% during the fourth quarter. BlackRock Inc. now owns 792,150 shares of the software maker’s stock worth $31,157,000 after purchasing an additional 52,797 shares in the last quarter. Bessemer Group Inc. lifted its holdings in QAD by 37.1% in the fourth quarter. Bessemer Group Inc. now owns 25,500 shares of the software maker’s stock valued at $1,003,000 after buying an additional 6,900 shares during the period. Finally, Portolan Capital Management LLC lifted its holdings in QAD by 11.8% in the fourth quarter. Portolan Capital Management LLC now owns 342,671 shares of the software maker’s stock valued at $13,477,000 after buying an additional 36,203 shares during the period. Institutional investors own 46.69% of the company’s stock.
QADA traded up $0.24 during trading on Wednesday, hitting $42.57. The stock had a trading volume of 1,703 shares, compared to its average volume of 59,118. The stock has a market capitalization of $827.24 million, a price-to-earnings ratio of 83.39 and a beta of 1.12. QAD has a 12 month low of $38.32 and a 12 month high of $61.80. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $42.48.
QAD (NASDAQ:QADA) last posted its quarterly earnings data on Wednesday, May 29th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. QAD had a net margin of 1.78% and a return on equity of 4.81%. The company had revenue of $78.00 million for the quarter, compared to the consensus estimate of $78.25 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. As a group, research analysts forecast that QAD will post -0.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Wednesday, July 10th will be given a $0.072 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $0.29 dividend on an annualized basis and a yield of 0.68%. QAD’s dividend payout ratio (DPR) is presently 56.86%.
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.
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