QAD (NASDAQ:QADA) Raised to Buy at BidaskClub

BidaskClub upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a report published on Wednesday, December 20th.

A number of other brokerages have also commented on QADA. Canaccord Genuity reiterated a buy rating and issued a $44.00 price objective (up from $36.00) on shares of QAD in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on QAD from $40.00 to $45.00 and gave the company a buy rating in a research report on Wednesday, November 22nd. Finally, Zacks Investment Research lowered QAD from a buy rating to a hold rating in a research report on Saturday, October 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $43.33.

Shares of QAD (QADA) traded up $0.10 on Wednesday, hitting $40.95. The stock had a trading volume of 39,222 shares, compared to its average volume of 41,285. QAD has a fifty-two week low of $26.04 and a fifty-two week high of $42.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $786.16, a PE ratio of -39.76 and a beta of 0.95.

QAD (NASDAQ:QADA) last released its quarterly earnings results on Tuesday, November 21st. The software maker reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. QAD had a negative return on equity of 2.06% and a negative net margin of 6.40%. The firm had revenue of $76.93 million during the quarter, compared to analysts’ expectations of $73.99 million. During the same period last year, the firm posted $0.07 EPS. The business’s revenue was up 10.6% on a year-over-year basis. analysts anticipate that QAD will post -0.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Tuesday, December 26th were issued a dividend of $0.072 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.29 annualized dividend and a yield of 0.70%. QAD’s dividend payout ratio is presently -13.59%.

A number of hedge funds have recently bought and sold shares of QADA. Renaissance Technologies LLC raised its stake in shares of QAD by 10.4% in the 2nd quarter. Renaissance Technologies LLC now owns 661,177 shares of the software maker’s stock valued at $21,191,000 after purchasing an additional 62,300 shares during the period. Vanguard Group Inc. raised its stake in shares of QAD by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 399,989 shares of the software maker’s stock valued at $12,820,000 after purchasing an additional 31,322 shares during the period. Royce & Associates LP raised its stake in shares of QAD by 12.6% in the 2nd quarter. Royce & Associates LP now owns 372,500 shares of the software maker’s stock valued at $11,939,000 after purchasing an additional 41,700 shares during the period. Divisar Capital Management LLC raised its stake in shares of QAD by 11.0% in the 2nd quarter. Divisar Capital Management LLC now owns 291,645 shares of the software maker’s stock valued at $9,347,000 after purchasing an additional 28,879 shares during the period. Finally, Boston Partners raised its stake in shares of QAD by 6.8% in the 3rd quarter. Boston Partners now owns 221,610 shares of the software maker’s stock valued at $7,612,000 after purchasing an additional 14,150 shares during the period. Hedge funds and other institutional investors own 44.82% of the company’s stock.

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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.

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