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.
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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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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