QAD Inc. Announces Quarterly Dividend of $0.06 (QADB)
QAD Inc. (NASDAQ:QADB) declared a quarterly dividend on Thursday, June 15th, Wall Street Journal reports. Stockholders of record on Tuesday, June 27th will be paid a dividend of 0.06 per share by the software maker on Thursday, July 6th. This represents a $0.24 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, June 23rd.
Shares of QAD (QADB) remained flat at $26.00 on Thursday. The firm’s market cap is $494.75 million. QAD has a 12 month low of $13.79 and a 12 month high of $27.13. The firm’s 50 day moving average price is $26.30 and its 200 day moving average price is $25.13.
QAD (NASDAQ:QADB) last released its quarterly earnings data on Thursday, May 25th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.08. QAD had a negative net margin of 5.49% and a positive return on equity of 1.22%. The firm had revenue of $71.38 million during the quarter. On average, equities research analysts expect that QAD will post $0.28 EPS for the current year.
Separately, TheStreet downgraded QAD from a “b-” rating to a “c” rating in a research note on Thursday, March 9th.
A hedge fund recently raised its stake in QAD stock. Geode Capital Management LLC boosted its stake in shares of QAD Inc. (NASDAQ:QADB) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,919 shares of the software maker’s stock after buying an additional 186 shares during the period. Geode Capital Management LLC owned approximately 0.19% of QAD worth $885,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.87% of the company’s stock.
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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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