QAD Inc. (QADA) Shares Down 1.9%
QAD Inc. (NASDAQ:QADA) shares were down 1.9% on Tuesday . The company traded as low as $19.43 and last traded at $19.45, with a volume of 54,445 shares trading hands. The stock had previously closed at $19.82.
A number of research analysts have weighed in on QADA shares. Zacks Investment Research cut shares of QAD from a “hold” rating to a “sell” rating in a research note on Thursday, May 26th. Avondale Partners started coverage on shares of QAD in a research note on Monday, March 28th. They issued an “outperform” rating and a $29.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.25.
The firm has a market cap of $365.95 million and a P/E ratio of 67.07. The stock’s 50 day moving average is $19.30 and its 200-day moving average is $19.55.
QAD (NASDAQ:QADA) last released its quarterly earnings data on Thursday, May 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.09. The firm had revenue of $65.40 million for the quarter. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS. On average, equities research analysts expect that QAD Inc. will post $0.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Tuesday, June 28th were given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, June 24th.
A number of large investors have made changes to their positions in QADA. Dimensional Fund Advisors LP boosted its stake in shares of QAD by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 430,798 shares of the company’s stock valued at $8,840,000 after buying an additional 7,336 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of QAD by 11.6% in the fourth quarter. Wells Fargo & Company MN now owns 84,453 shares of the company’s stock valued at $1,733,000 after buying an additional 8,779 shares in the last quarter. Russell Frank Co boosted its stake in shares of QAD by 20.7% in the fourth quarter. Russell Frank Co now owns 99,456 shares of the company’s stock valued at $2,035,000 after buying an additional 17,023 shares in the last quarter. Morgan Stanley boosted its stake in shares of QAD by 38.3% in the fourth quarter. Morgan Stanley now owns 98,705 shares of the company’s stock valued at $2,025,000 after buying an additional 27,333 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of QAD by 12.1% in the fourth quarter. Boston Partners now owns 424,300 shares of the company’s stock valued at $8,707,000 after buying an additional 45,880 shares in the last quarter.
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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