QAD (QADA) Downgraded by BidaskClub to Hold

QAD (NASDAQ:QADA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently issued reports on QADA. Canaccord Genuity reissued a “buy” rating and issued a $44.00 target price (up from $36.00) on shares of QAD in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Stifel Nicolaus increased their price target on QAD from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Zacks Investment Research downgraded QAD from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.33.

Shares of QAD (QADA) traded up $0.35 on Thursday, hitting $40.05. The stock had a trading volume of 33,614 shares, compared to its average volume of 43,070. QAD has a 12-month low of $26.04 and a 12-month high of $45.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $770.76, a price-to-earnings ratio of -38.88 and a beta of 1.07.

QAD (NASDAQ:QADA) last issued its quarterly earnings data on Tuesday, November 21st. The software maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. QAD had a negative return on equity of 2.06% and a negative net margin of 6.40%. The firm had revenue of $76.93 million during the quarter, compared to analyst estimates of $73.99 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. research analysts forecast that QAD will post -0.25 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in QAD by 2.5% during the 4th quarter. BlackRock Inc. now owns 641,107 shares of the software maker’s stock worth $24,905,000 after purchasing an additional 15,678 shares during the period. Wells Fargo & Company MN grew its position in QAD by 32.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,531 shares of the software maker’s stock worth $604,000 after purchasing an additional 3,827 shares during the period. California Public Employees Retirement System grew its position in QAD by 6.6% during the 4th quarter. California Public Employees Retirement System now owns 32,832 shares of the software maker’s stock worth $1,276,000 after purchasing an additional 2,032 shares during the period. American Century Companies Inc. acquired a new stake in QAD during the 4th quarter worth about $786,000. Finally, Acadian Asset Management LLC grew its position in QAD by 38.8% during the 4th quarter. Acadian Asset Management LLC now owns 57,294 shares of the software maker’s stock worth $2,226,000 after purchasing an additional 16,011 shares during the period. 44.89% of the stock is currently owned by institutional investors.

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QAD Company Profile

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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