Shares of QAD Inc. (NASDAQ:QADA) have received an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $33.00.
QADA has been the subject of several recent analyst reports. ValuEngine raised shares of QAD from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. William Blair reaffirmed an “outperform” rating on shares of QAD in a research report on Wednesday, June 28th. BidaskClub cut shares of QAD from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, July 26th.
QAD (QADA) traded up 1.10% during mid-day trading on Wednesday, hitting $32.15. The company’s stock had a trading volume of 64,332 shares. QAD has a 12-month low of $20.81 and a 12-month high of $33.40. The firm’s 50-day moving average is $31.17 and its 200-day moving average is $30.12. The company’s market cap is $614.87 million.
QAD (NASDAQ:QADA) last released its quarterly earnings data on Friday, August 25th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. The business had revenue of $76 million during the quarter, compared to analysts’ expectations of $72.16 million. QAD had a negative net margin of 5.98% and a negative return on equity of 0.46%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. Analysts predict that QAD will post $0.33 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its stake in shares of QAD by 98.8% in the first quarter. Nationwide Fund Advisors now owns 24,548 shares of the software maker’s stock worth $684,000 after buying an additional 12,199 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of QAD by 8.1% in the first quarter. Acadian Asset Management LLC now owns 109,867 shares of the software maker’s stock worth $3,058,000 after buying an additional 8,269 shares during the last quarter. Strs Ohio boosted its stake in shares of QAD by 61.0% in the first quarter. Strs Ohio now owns 19,000 shares of the software maker’s stock worth $529,000 after buying an additional 7,200 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of QAD by 22.6% in the first quarter. Essex Investment Management Co. LLC now owns 60,016 shares of the software maker’s stock worth $1,671,000 after buying an additional 11,078 shares during the last quarter. Finally, Whetstone Capital Advisors LLC acquired a new stake in shares of QAD during the first quarter worth approximately $647,000. 52.18% of the stock is owned by hedge funds and other institutional investors.
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About QAD
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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