QAD Ltd (NASDAQ:QADA) – Research analysts at William Blair cut their Q1 2019 earnings per share estimates for QAD in a research report issued to clients and investors on Thursday, April 5th. William Blair analyst B. Suri now expects that the software maker will earn ($0.02) per share for the quarter, down from their prior forecast of ($0.01).
QADA has been the topic of a number of other reports. Stifel Nicolaus boosted their price objective on shares of QAD from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, March 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $44.00 price objective on shares of QAD in a research report on Tuesday, February 27th. BidaskClub raised shares of QAD from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. ValuEngine raised shares of QAD from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research downgraded shares of QAD from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.00.
Shares of QADA opened at $45.60 on Monday. QAD has a 52 week low of $27.80 and a 52 week high of $50.35. The company has a market cap of $869.87, a P/E ratio of -97.45 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12.
A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new stake in QAD in the fourth quarter worth approximately $186,000. Millennium Management LLC grew its position in QAD by 2.7% in the fourth quarter. Millennium Management LLC now owns 60,864 shares of the software maker’s stock worth $2,365,000 after acquiring an additional 1,593 shares in the last quarter. Goldman Sachs Group Inc. grew its position in QAD by 20.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,077 shares of the software maker’s stock worth $391,000 after acquiring an additional 1,729 shares in the last quarter. Stone Ridge Asset Management LLC bought a new stake in QAD in the fourth quarter worth approximately $632,000. Finally, Deutsche Bank AG grew its position in QAD by 53.6% in the fourth quarter. Deutsche Bank AG now owns 101,253 shares of the software maker’s stock worth $3,932,000 after acquiring an additional 35,339 shares in the last quarter. 45.71% of the stock is owned by institutional investors.
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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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