Morgan Stanley decreased its position in shares of QAD Inc. (NASDAQ:QADA) by 42.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,212 shares of the software maker’s stock after selling 100,537 shares during the period. Morgan Stanley owned about 0.71% of QAD worth $3,766,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in QAD by 4.1% in the first quarter. Geode Capital Management LLC now owns 62,420 shares of the software maker’s stock worth $1,738,000 after buying an additional 2,481 shares during the last quarter. Vanguard Group Inc. boosted its position in QAD by 7.6% in the first quarter. Vanguard Group Inc. now owns 368,667 shares of the software maker’s stock worth $10,267,000 after buying an additional 25,913 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in QAD during the first quarter worth $243,000. Dynamic Technology Lab Private Ltd bought a new position in QAD during the first quarter worth $247,000. Finally, American International Group Inc. boosted its position in QAD by 7.0% in the first quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock worth $161,000 after buying an additional 378 shares during the last quarter. 52.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QAD Inc. (NASDAQ QADA) remained flat at $31.60 during mid-day trading on Wednesday. 1,491 shares of the company were exchanged. QAD Inc. has a 12-month low of $19.50 and a 12-month high of $33.40. The firm’s market capitalization is $601.32 million. The company’s 50 day moving average is $31.26 and its 200 day moving average is $30.01.
QAD (NASDAQ:QADA) last announced its earnings results on Thursday, May 25th. The software maker reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). QAD had a positive return on equity of 1.22% and a negative net margin of 5.49%. The business had revenue of $71.40 million during the quarter, compared to analysts’ expectations of $68.54 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts predict that QAD Inc. will post $0.33 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Morgan Stanley Has $3.77 Million Position in QAD Inc. (QADA)” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/16/morgan-stanley-has-3-77-million-position-in-qad-inc-qada.html.
Several analysts recently issued reports on QADA shares. BidaskClub raised QAD from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded QAD from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. William Blair reissued an “outperform” rating on shares of QAD in a research note on Wednesday, June 28th. ValuEngine raised QAD from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Sidoti started coverage on QAD in a research note on Wednesday, April 19th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.50.
QAD Company Profile
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.
Want to see what other hedge funds are holding QADA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QAD Inc. (NASDAQ:QADA).
Receive News & Ratings for QAD Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
