QAD Inc. (NASDAQ:QADA) Given Consensus Rating of “Buy” by Brokerages

QAD Inc. (NASDAQ:QADA) has received a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $59.00.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of QAD from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. B. Riley reaffirmed a “buy” rating and issued a $60.00 target price on shares of QAD in a research note on Wednesday, November 27th. ValuEngine downgraded shares of QAD from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th. Zacks Investment Research downgraded shares of QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, BidaskClub downgraded shares of QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Shares of NASDAQ QADA traded up $0.26 during trading on Friday, reaching $49.26. The company had a trading volume of 64,659 shares, compared to its average volume of 60,332. QAD has a 52 week low of $35.00 and a 52 week high of $53.89. The stock has a market cap of $1.00 billion, a PE ratio of 96.59 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50 day moving average price is $48.10 and its 200-day moving average price is $43.81.

QAD (NASDAQ:QADA) last announced its earnings results on Tuesday, November 26th. The software maker reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.10. QAD had a negative net margin of 3.63% and a negative return on equity of 0.01%. The company had revenue of $77.80 million during the quarter, compared to the consensus estimate of $78.28 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Equities analysts anticipate that QAD will post -0.45 earnings per share for the current year.

In related news, President Pamela M. Lopker sold 20,792 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $45.54, for a total transaction of $946,867.68. Following the completion of the sale, the president now directly owns 4,311,303 shares of the company’s stock, valued at $196,336,738.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Pamela M. Lopker sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $43.53, for a total transaction of $217,650.00. Following the sale, the president now directly owns 4,399,095 shares of the company’s stock, valued at $191,492,605.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,792 shares of company stock valued at $4,007,628. 51.83% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of QADA. Marshall Wace North America L.P. bought a new stake in shares of QAD during the first quarter worth approximately $41,000. Strs Ohio grew its holdings in QAD by 18.5% during the second quarter. Strs Ohio now owns 16,000 shares of the software maker’s stock valued at $643,000 after purchasing an additional 2,500 shares during the period. SG Americas Securities LLC acquired a new position in QAD during the second quarter valued at approximately $108,000. Dupont Capital Management Corp acquired a new position in QAD during the second quarter valued at approximately $808,000. Finally, AltraVue Capital LLC grew its holdings in QAD by 83.2% during the second quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock valued at $10,263,000 after purchasing an additional 115,911 shares during the period. 45.55% of the stock is owned by institutional investors and hedge funds.

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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