Zacks Investment Research upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, Zacks.com reports. They currently have $55.00 target price 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. “
Other analysts also recently issued reports about the company. Sidoti lifted their price objective on QAD from $55.00 to $60.00 and gave the company a buy rating in a report on Friday, January 3rd. Stifel Nicolaus lifted their price objective on QAD from $49.00 to $58.00 and gave the company a buy rating in a report on Wednesday, November 27th. ValuEngine downgraded QAD from a buy rating to a hold rating in a report on Friday, January 3rd. B. Riley restated a buy rating and issued a $60.00 price objective on shares of QAD in a report on Wednesday, November 27th. Finally, BidaskClub downgraded QAD from a hold rating to a sell rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. QAD has a consensus rating of Buy and a consensus price target of $58.25.
Shares of QADA opened at $52.36 on Tuesday. The firm has a market capitalization of $1.07 billion, a P/E ratio of -85.83 and a beta of 1.04. QAD has a 12-month low of $35.00 and a 12-month high of $54.54. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $51.69 and a 200-day moving average price of $46.68.
QAD (NASDAQ:QADA) last issued its earnings results on Tuesday, November 26th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.10. The firm had revenue of $77.80 million during the quarter, compared to analyst estimates of $78.28 million. QAD had a negative net margin of 3.63% and a negative return on equity of 0.01%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. Analysts predict that QAD will post -0.45 earnings per share for the current year.
In other QAD news, President Pamela M. Lopker sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $48.75, for a total value of $48,750.00. Following the completion of the transaction, the president now directly owns 4,284,095 shares in the company, valued at $208,849,631.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Pamela M. Lopker sold 6,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $49.36, for a total transaction of $296,160.00. Following the completion of the transaction, the president now owns 4,274,095 shares of the company’s stock, valued at $210,969,329.20. The disclosure for this sale can be found here. Insiders sold 48,569 shares of company stock valued at $2,470,651 over the last 90 days. 51.83% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Marshall Wace North America L.P. bought a new position in QAD in the first quarter worth about $41,000. Cubist Systematic Strategies LLC raised its holdings in QAD by 360.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 920 shares of the software maker’s stock worth $47,000 after purchasing an additional 720 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in QAD in the fourth quarter worth about $51,000. Bank of Montreal Can raised its holdings in QAD by 49.8% in the fourth quarter. Bank of Montreal Can now owns 1,447 shares of the software maker’s stock worth $74,000 after purchasing an additional 481 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in QAD in the third quarter worth about $217,000. Institutional investors and hedge funds own 44.89% of the company’s stock.
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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