QAD (QADA) Hits New 1-Year High After Analyst Upgrade

QAD Inc. (NASDAQ:QADA) reached a new 52-week high during mid-day trading on Friday after Stifel Nicolaus raised their price target on the stock from $45.00 to $48.00. Stifel Nicolaus currently has a buy rating on the stock. QAD traded as high as $45.45 and last traded at $44.15, with a volume of 70800 shares. The stock had previously closed at $44.15.

Several other equities research analysts have also issued reports on the stock. BidaskClub upgraded shares of QAD from a “hold” rating to a “buy” rating in a report on Thursday. Canaccord Genuity restated a “buy” rating and issued a $44.00 target price (up previously from $36.00) on shares of QAD in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of QAD from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Three 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 $44.33.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in QAD by 2.5% in the 4th quarter. BlackRock Inc. now owns 641,107 shares of the software maker’s stock worth $24,905,000 after buying an additional 15,678 shares during the period. ArrowMark Colorado Holdings LLC increased its stake in QAD by 21.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 480,981 shares of the software maker’s stock worth $18,686,000 after buying an additional 83,358 shares during the period. Vanguard Group Inc. increased its stake in QAD by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 399,989 shares of the software maker’s stock worth $12,820,000 after buying an additional 31,322 shares during the period. Boston Partners increased its stake in QAD by 6.8% in the 3rd quarter. Boston Partners now owns 221,610 shares of the software maker’s stock worth $7,612,000 after buying an additional 14,150 shares during the period. Finally, State Street Corp increased its stake in QAD by 5.0% in the 2nd quarter. State Street Corp now owns 196,869 shares of the software maker’s stock worth $6,309,000 after buying an additional 9,446 shares during the period. 44.47% of the stock is currently owned by institutional investors.

The stock has a market cap of $849.67, a P/E ratio of -44.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.60 and a quick ratio of 1.60.

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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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