QAD Inc. (NASDAQ:QADA) had its price target increased by Benchmark Co. from $24.00 to $31.00 in a report published on Wednesday morning. The brokerage currently has a buy rating on the stock.
Separately, Zacks Investment Research lowered shares of QAD from a buy rating to a hold rating in a research note on Wednesday, November 2nd.
QAD (NASDAQ:QADA) opened at 30.10 on Wednesday. QAD has a 52 week low of $17.11 and a 52 week high of $30.40. The firm’s 50 day moving average price is $24.42 and its 200-day moving average price is $21.30. The stock has a market cap of $571.09 million, a price-to-earnings ratio of 125.94 and a beta of 1.08.
QAD (NASDAQ:QADA) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.07. QAD had a net margin of 1.29% and a return on equity of 3.74%. The business had revenue of $69.50 million for the quarter. During the same quarter in the prior year, the business earned $0.24 EPS. QAD’s revenue was up 2.2% compared to the same quarter last year. Analysts expect that QAD will post $0.39 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of QADA. Renaissance Technologies LLC raised its position in QAD by 6.5% in the first quarter. Renaissance Technologies LLC now owns 520,177 shares of the company’s stock valued at $11,054,000 after buying an additional 31,900 shares during the period. 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. VNBTrust National Association raised its position in QAD by 11.5% in the second quarter. VNBTrust National Association now owns 68,308 shares of the company’s stock valued at $1,316,000 after buying an additional 7,037 shares during the period. Societe Generale acquired a new position in QAD during the second quarter valued at about $1,452,000. Finally, Mission Wealth Management LLC acquired a new position in QAD during the second quarter valued at about $295,000. Hedge funds and other institutional investors own 46.26% of the company’s stock.