QAD (NASDAQ:QADA) Raised to Strong-Buy at ValuEngine

ValuEngine upgraded shares of QAD (NASDAQ:QADA) from a buy rating to a strong-buy rating in a research report report published on Monday morning, ValuEngine reports.

A number of other brokerages have also weighed in on QADA. William Blair reaffirmed an outperform rating on shares of QAD in a research note on Wednesday, August 28th. BidaskClub raised shares of QAD from a sell rating to a hold rating in a research note on Tuesday, August 27th. B. Riley set a $55.00 price target on shares of QAD and gave the company a buy rating in a research note on Friday, August 16th. TheStreet lowered shares of QAD from a b- rating to a c rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research raised shares of QAD from a hold rating to a buy rating and set a $44.00 price target on the stock in a research note on Tuesday, August 13th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $50.33.

NASDAQ:QADA opened at $45.37 on Monday. QAD has a 52 week low of $35.00 and a 52 week high of $58.75. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $907.39 million, a PE ratio of 212.38 and a beta of 1.09. The stock’s 50-day moving average price is $40.28 and its 200-day moving average price is $43.18.

QAD (NASDAQ:QADA) last posted its earnings results on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.21. QAD had a positive return on equity of 2.27% and a negative net margin of 2.70%. The firm had revenue of $76.38 million for the quarter, compared to analysts’ expectations of $77.89 million. During the same period last year, the firm earned $0.05 EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. Sell-side analysts expect that QAD will post -0.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 18th will be paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Tuesday, September 17th. QAD’s dividend payout ratio is presently 56.86%.

In other QAD news, President Pamela M. Lopker sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $42.53, for a total value of $127,590.00. Following the transaction, the president now directly owns 4,467,095 shares of the company’s stock, valued at approximately $189,985,550.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Pamela M. Lopker sold 5,217 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $42.73, for a total transaction of $222,922.41. Following the completion of the transaction, the president now directly owns 4,472,878 shares in the company, valued at $191,126,076.94. The disclosure for this sale can be found here. Insiders sold a total of 49,895 shares of company stock worth $2,131,488 over the last ninety days. 51.83% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QADA. Cortina Asset Management LLC purchased a new position in QAD in the 2nd quarter worth approximately $4,763,000. AltraVue Capital LLC lifted its stake in QAD by 83.2% in the 2nd quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock worth $10,263,000 after purchasing an additional 115,911 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in QAD in the 2nd quarter worth approximately $2,072,000. Dupont Capital Management Corp purchased a new position in QAD in the 2nd quarter worth approximately $808,000. Finally, Dimensional Fund Advisors LP lifted its stake in QAD by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 388,200 shares of the software maker’s stock worth $15,268,000 after purchasing an additional 19,737 shares in the last quarter. 45.40% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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