Zacks Investment Research upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. The firm currently has $55.00 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. “
Several other research firms have also commented on QADA. B. Riley restated a buy rating and issued a $60.00 price objective on shares of QAD in a research report on Wednesday, November 27th. ValuEngine lowered QAD from a buy rating to a hold rating in a research report on Friday, January 3rd. Stifel Nicolaus upped their price objective on QAD from $49.00 to $58.00 and gave the stock a buy rating in a research report on Wednesday, November 27th. Sidoti increased their target price on QAD from $55.00 to $60.00 and gave the company a buy rating in a research report on Friday, January 3rd. Finally, BidaskClub lowered QAD from a hold rating to a sell rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. QAD currently has an average rating of Buy and a consensus target price of $58.25.
QAD stock opened at $52.36 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. QAD has a 12 month low of $35.00 and a 12 month high of $54.54. The stock’s 50 day simple moving average is $51.69 and its two-hundred day simple moving average is $46.68. The firm has a market cap of $1.07 billion, a PE ratio of -85.83 and a beta of 1.04.
QAD (NASDAQ:QADA) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. QAD had a negative return on equity of 0.01% and a negative net margin of 3.63%. The business had revenue of $77.80 million for the quarter, compared to analyst estimates of $78.28 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that QAD will post -0.45 EPS for the current year.
In other news, President Pamela M. Lopker sold 2,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $48.54, for a total transaction of $97,080.00. Following the transaction, the president now owns 4,270,095 shares in the company, valued at approximately $207,270,411.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Pamela M. Lopker sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $48.75, for a total value of $48,750.00. Following the transaction, the president now owns 4,284,095 shares in the company, valued at approximately $208,849,631.25. The disclosure for this sale can be found here. Insiders have sold a total of 48,569 shares of company stock worth $2,470,651 in the last quarter. Insiders own 51.83% of the company’s stock.
Large investors have recently made changes to their positions in the company. California Public Employees Retirement System raised its stake in QAD by 19.9% in the 3rd quarter. California Public Employees Retirement System now owns 39,575 shares of the software maker’s stock valued at $1,828,000 after purchasing an additional 6,555 shares during the last quarter. State Street Corp raised its stake in QAD by 15.8% in the 3rd quarter. State Street Corp now owns 222,592 shares of the software maker’s stock valued at $10,279,000 after purchasing an additional 30,346 shares during the last quarter. Boston Partners acquired a new position in QAD in the 3rd quarter valued at $810,000. Zebra Capital Management LLC acquired a new position in QAD in the 3rd quarter valued at $235,000. Finally, Rhumbline Advisers raised its stake in QAD by 4.5% in the 3rd quarter. Rhumbline Advisers now owns 15,189 shares of the software maker’s stock valued at $701,000 after purchasing an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 44.89% of the company’s stock.
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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