QAD Inc. (QADA) Receives Consensus Rating of “Hold” from Brokerages

QAD Inc. (NASDAQ:QADA) has earned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $44.50.

Several brokerages have recently commented on QADA. BidaskClub lowered QAD from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Canaccord Genuity reiterated a “buy” rating and set a $44.00 price objective (up previously from $36.00) on shares of QAD in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their price objective on QAD from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd.

QAD (QADA) traded up $1.15 during trading on Wednesday, reaching $42.90. The company’s stock had a trading volume of 43,967 shares, compared to its average volume of 46,812. 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 capitalization of $776.54, a price-to-earnings ratio of -41.65 and a beta of 1.07. QAD has a one year low of $26.04 and a one year high of $45.35.

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

A number of hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new position in QAD in the 3rd quarter worth $196,000. Dynamic Technology Lab Private Ltd purchased a new position in QAD in the 3rd quarter worth $224,000. Wells Fargo & Company MN raised its stake in QAD by 11.5% in the 2nd quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock worth $248,000 after acquiring an additional 796 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in QAD by 10.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock worth $256,000 after acquiring an additional 786 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in QAD in the 2nd quarter worth $322,000. Institutional investors own 45.17% of the company’s stock.

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About QAD

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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