QAD (QADA) Cut to Buy at BidaskClub

BidaskClub lowered shares of QAD (NASDAQ:QADA) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Other analysts have also recently issued reports about the stock. ValuEngine upgraded shares of QAD from a hold rating to a buy rating in a report on Monday, April 2nd. Stifel Nicolaus raised their price target on shares of QAD from $48.00 to $53.00 and gave the stock a buy rating in a report on Thursday, March 22nd. Zacks Investment Research cut shares of QAD from a hold rating to a sell rating in a report on Saturday, March 3rd. Finally, Canaccord Genuity raised their price target on shares of QAD from $44.00 to $50.00 and gave the stock a buy rating in a report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. QAD has an average rating of Buy and a consensus target price of $48.00.

Shares of QAD opened at $50.80 on Friday, according to MarketBeat. QAD has a one year low of $30.20 and a one year high of $55.35. The stock has a market capitalization of $974.66 million, a price-to-earnings ratio of -108.09 and a beta of 1.09. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.11.

QAD (NASDAQ:QADA) last announced its earnings results on Wednesday, May 30th. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). QAD had a negative return on equity of 4.54% and a negative net margin of 1.59%. The firm had revenue of $86.20 million during the quarter, compared to analyst estimates of $79.73 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. analysts anticipate that QAD will post -0.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Monday, June 25th will be issued a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, June 22nd. QAD’s dividend payout ratio is currently -61.70%.

In related news, Director Cuylenburg Peter Van sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $51.91, for a total transaction of $415,280.00. Following the transaction, the director now owns 26,181 shares of the company’s stock, valued at $1,359,055.71. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Anton Chilton sold 6,625 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $45.86, for a total transaction of $303,822.50. Following the transaction, the executive vice president now directly owns 32,684 shares in the company, valued at approximately $1,498,888.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,884 shares of company stock valued at $729,722. 43.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its position in QAD by 226.2% during the first quarter. Barclays PLC now owns 5,304 shares of the software maker’s stock valued at $220,000 after acquiring an additional 3,678 shares in the last quarter. Blair William & Co. IL raised its position in shares of QAD by 17.1% in the first quarter. Blair William & Co. IL now owns 10,295 shares of the software maker’s stock valued at $429,000 after purchasing an additional 1,502 shares during the period. Epoch Investment Partners Inc. bought a new position in shares of QAD in the first quarter valued at approximately $12,482,000. Citadel Advisors LLC raised its position in shares of QAD by 30.6% in the first quarter. Citadel Advisors LLC now owns 15,466 shares of the software maker’s stock valued at $644,000 after purchasing an additional 3,624 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of QAD by 51.7% in the first quarter. Russell Investments Group Ltd. now owns 325,589 shares of the software maker’s stock valued at $13,560,000 after purchasing an additional 110,948 shares during the period. 46.37% of the stock is currently owned by hedge funds and other institutional investors.

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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