QAD Inc. (NASDAQ:QADA) – Equities research analysts at William Blair issued their FY2018 EPS estimates for QAD in a research note issued to investors on Tuesday. William Blair analyst B. Suri forecasts that the firm will post earnings of ($0.09) per share for the year.
QADA has been the topic of a number of other research reports. Zacks Investment Research raised QAD from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Friday, September 2nd. Benchmark Co. lifted their target price on QAD from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $26.25.
Shares of QAD (NASDAQ:QADA) traded down 0.52% on Thursday, hitting $22.99. The company had a trading volume of 36,384 shares. The firm has a 50-day moving average price of $22.30 and a 200 day moving average price of $20.33. The company has a market capitalization of $436.19 million, a P/E ratio of 96.19 and a beta of 1.06. QAD has a 12-month low of $17.11 and a 12-month high of $27.42.
QAD (NASDAQ:QADA) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. QAD had a return on equity of 5.00% and a net margin of 1.68%. The company earned $69.80 million during the quarter. During the same period in the prior year, the company posted $0.19 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised its position in QAD by 17.7% in the second quarter. Nationwide Fund Advisors now owns 7,973 shares of the company’s stock valued at $154,000 after buying an additional 1,200 shares during the period. Teachers Advisors Inc. raised its position in QAD by 0.7% in the second quarter. Teachers Advisors Inc. now owns 14,415 shares of the company’s stock valued at $278,000 after buying an additional 101 shares during the period. Mission Wealth Management LLC bought a new position in QAD during the second quarter valued at $295,000. Strs Ohio raised its position in QAD by 8.3% in the second quarter. Strs Ohio now owns 23,400 shares of the company’s stock valued at $450,000 after buying an additional 1,800 shares during the period. Finally, BlackRock Investment Management LLC increased its position in shares of QAD by 7.6% in the second quarter. BlackRock Investment Management LLC now owns 41,596 shares of the company’s stock valued at $802,000 after buying an additional 2,940 shares in the last quarter. 44.80% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 28th were given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, September 26th. QAD’s dividend payout ratio (DPR) is 120.84%.
QAD Company Profile