QAD Inc. (NASDAQ:QADA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “
Separately, Benchmark Co. raised their price target on shares of QAD from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 26th.
Shares of QAD (NASDAQ:QADA) traded down 0.66% on Wednesday, hitting $30.10. 131,265 shares of the stock were exchanged. QAD has a one year low of $17.11 and a one year high of $30.40. The firm has a market cap of $571.09 million, a price-to-earnings ratio of 125.94 and a beta of 1.08. The firm’s 50 day moving average price is $24.42 and its 200 day moving average price is $21.30.
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 firm had revenue of $69.50 million for the quarter. During the same quarter last year, the company earned $0.24 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. Equities analysts anticipate that QAD will post $0.39 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of QADA. Rhumbline Advisers boosted its position in QAD by 1.0% in the third quarter. Rhumbline Advisers now owns 10,183 shares of the company’s stock valued at $228,000 after buying an additional 100 shares during the last quarter. Teachers Advisors Inc. boosted 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 last quarter. California State Teachers Retirement System boosted its position in QAD by 1.0% in the third quarter. California State Teachers Retirement System now owns 19,953 shares of the company’s stock valued at $447,000 after buying an additional 200 shares during the last quarter. BlackRock Advisors LLC boosted its position in QAD by 13.5% in the third quarter. BlackRock Advisors LLC now owns 4,446 shares of the company’s stock valued at $100,000 after buying an additional 529 shares during the last quarter. Finally, Northern Trust Corp boosted its position in QAD by 0.9% in the third quarter. Northern Trust Corp now owns 101,019 shares of the company’s stock valued at $2,261,000 after buying an additional 948 shares during the last quarter. Hedge funds and other institutional investors own 46.26% of the company’s stock.
QAD Company Profile
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.