Brokerages Set QAD Inc. (QADA) Price Target at $52.67

QAD Inc. (NASDAQ:QADA) has received an average recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $52.67.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded QAD from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. BidaskClub upgraded QAD from a “strong sell” rating to a “sell” rating in a report on Friday, January 25th. TheStreet upgraded QAD from a “c” rating to a “b-” rating in a report on Thursday, March 21st. ValuEngine downgraded QAD from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Finally, B. Riley set a $55.00 price objective on QAD and gave the company a “buy” rating in a report on Thursday, March 21st.

Shares of NASDAQ:QADA opened at $46.93 on Friday. The firm has a market cap of $921.00 million, a PE ratio of 92.02 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.47 and a quick ratio of 1.47. QAD has a 52-week low of $38.39 and a 52-week high of $61.80.

QAD (NASDAQ:QADA) last posted its quarterly earnings data on Wednesday, March 20th. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.27. The business had revenue of $82.70 million during the quarter, compared to the consensus estimate of $81.64 million. QAD had a return on equity of 8.33% and a net margin of 3.13%. QAD’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) earnings per share. On average, sell-side analysts anticipate that QAD will post -0.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.072 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.29 dividend on an annualized basis and a yield of 0.61%. QAD’s payout ratio is currently 56.86%.

In other QAD news, President Pamela M. Lopker sold 2,256 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $42.06, for a total transaction of $94,887.36. Following the completion of the sale, the president now directly owns 4,578,839 shares in the company, valued at approximately $192,585,968.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Pamela M. Lopker sold 4,000 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $43.20, for a total value of $172,800.00. Following the sale, the president now owns 4,587,095 shares of the company’s stock, valued at $198,162,504. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,488 shares of company stock valued at $2,940,726. Company insiders own 43.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Nantahala Capital Management LLC grew its holdings in QAD by 21.1% during the 4th quarter. Nantahala Capital Management LLC now owns 1,008,709 shares of the software maker’s stock worth $39,672,000 after acquiring an additional 175,782 shares during the period. BlackRock Inc. boosted its position in shares of QAD by 7.1% during the 4th quarter. BlackRock Inc. now owns 792,150 shares of the software maker’s stock worth $31,157,000 after purchasing an additional 52,797 shares in the last quarter. Vanguard Group Inc boosted its position in shares of QAD by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 459,137 shares of the software maker’s stock worth $26,010,000 after purchasing an additional 7,083 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of QAD by 5.4% during 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. Finally, Portolan Capital Management LLC boosted its position in shares of QAD by 11.8% during the 4th quarter. Portolan Capital Management LLC now owns 342,671 shares of the software maker’s stock worth $13,477,000 after purchasing an additional 36,203 shares in the last quarter. Hedge funds and other institutional investors own 44.68% of the company’s stock.

About QAD

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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