Shares of QAD Inc. (NASDAQ:QADA) have been given an average rating of “Hold” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $46.00.
QADA has been the subject of several analyst reports. BidaskClub raised shares of QAD from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Canaccord Genuity reissued a “buy” rating and set a $44.00 price target (up previously 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 target on shares of 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 cut shares of QAD from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in QAD by 10.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock valued at $256,000 after buying an additional 786 shares during the period. Wells Fargo & Company MN boosted its position in QAD by 11.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock valued at $248,000 after buying an additional 796 shares during the period. Millennium Management LLC raised its holdings in QAD by 2.7% in the 4th quarter. Millennium Management LLC now owns 60,864 shares of the software maker’s stock worth $2,365,000 after purchasing an additional 1,593 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in QAD by 20.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,077 shares of the software maker’s stock worth $391,000 after purchasing an additional 1,729 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in QAD by 6.6% in the 4th quarter. California Public Employees Retirement System now owns 32,832 shares of the software maker’s stock worth $1,276,000 after purchasing an additional 2,032 shares in the last quarter. 45.71% of the stock is owned by institutional investors and hedge funds.
Shares of QAD (NASDAQ QADA) traded down $0.35 during trading on Friday, hitting $45.10. 3,852 shares of the stock were exchanged, compared to its average volume of 45,592. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.60 and a quick ratio of 1.60. QAD has a 12 month low of $26.04 and a 12 month high of $49.05.
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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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