Analysts Set QAD Inc. (QADA) PT at $60.67

QAD Inc. (NASDAQ:QADA) has received an average recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $60.67.

Several equities research analysts have commented on the stock. BidaskClub cut shares of QAD from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. B. Riley assumed coverage on shares of QAD in a research report on Wednesday, July 25th. They issued a “buy” rating and a $71.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of QAD from $53.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd.

Shares of NASDAQ QADA traded down $0.57 during midday trading on Monday, reaching $46.38. 50,800 shares of the company traded hands, compared to its average volume of 47,981. QAD has a 52 week low of $34.90 and a 52 week high of $61.80. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.11 billion, a P/E ratio of -98.68 and a beta of 1.07.



QAD (NASDAQ:QADA) last issued its quarterly earnings data on Wednesday, August 22nd. The software maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). QAD had a negative net margin of 0.86% and a negative return on equity of 2.60%. The company had revenue of $84.54 million for the quarter, compared to the consensus estimate of $82.39 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. QAD’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that QAD will post -0.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 25th were given a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Monday, September 24th. QAD’s dividend payout ratio (DPR) is presently -61.70%.

Institutional investors have recently modified their holdings of the business. Epoch Investment Partners Inc. bought a new stake in QAD in the first quarter worth about $12,482,000. Citadel Advisors LLC raised its position in QAD by 30.6% in the first quarter. Citadel Advisors LLC now owns 15,466 shares of the software maker’s stock worth $644,000 after acquiring an additional 3,624 shares in the last quarter. California Public Employees Retirement System increased its stake in QAD by 20.2% in the 1st quarter. California Public Employees Retirement System now owns 39,459 shares of the software maker’s stock worth $1,643,000 after purchasing an additional 6,627 shares in the last quarter. New York State Common Retirement Fund increased its stake in QAD by 33.4% in the 1st quarter. New York State Common Retirement Fund now owns 15,880 shares of the software maker’s stock worth $661,000 after purchasing an additional 3,980 shares in the last quarter. Finally, Swiss National Bank increased its stake in QAD by 6.5% in the 1st quarter. Swiss National Bank now owns 18,000 shares of the software maker’s stock worth $750,000 after purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 45.23% of the company’s stock.

QAD Company Profile

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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