QAD Inc. (NASDAQ:QADA) – Analysts at William Blair issued their FY2018 earnings estimates for shares of QAD in a report issued on Tuesday. William Blair analyst B. Suri expects that the brokerage will post earnings per share of ($0.09) for the year.

Other equities research analysts have also recently issued reports about the company. Benchmark Co. increased their price objective on QAD from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Zacks Investment Research raised QAD from a “sell” rating to a “hold” rating in a research report on Thursday, July 21st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. QAD has a consensus rating of “Buy” and an average target price of $26.25.

Shares of QAD (NASDAQ:QADA) traded up 0.39% during midday trading on Thursday, hitting $23.08. The stock had a trading volume of 21,103 shares. QAD has a 12 month low of $17.11 and a 12 month high of $27.42. The stock’s 50 day moving average price is $22.37 and its 200 day moving average price is $20.35. The firm has a market cap of $437.90 million, a price-to-earnings ratio of 96.57 and a beta of 1.06.

QAD (NASDAQ:QADA) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $69.80 million for the quarter. During the same quarter in the prior year, the company earned $0.19 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 28th were given a $0.072 dividend. The ex-dividend date was Monday, September 26th. This represents a $0.29 annualized dividend and a yield of 1.25%. QAD’s payout ratio is 120.84%.

A number of hedge funds and other institutional investors have recently made changes to their positions in QADA. Royce & Associates LP boosted its position in shares of QAD by 14.2% in the second quarter. Royce & Associates LP now owns 397,900 shares of the company’s stock valued at $7,668,000 after buying an additional 49,400 shares during the last quarter. William Harris Investors Inc. increased its position in QAD by 274.9% in the second quarter. William Harris Investors Inc. now owns 235,345 shares of the company’s stock valued at $4,535,000 after buying an additional 172,575 shares during the period. Alambic Investment Management L.P. increased its position in QAD by 2.1% in the second quarter. Alambic Investment Management L.P. now owns 59,171 shares of the company’s stock valued at $1,140,000 after buying an additional 1,219 shares during the period. Societe Generale bought a new position in QAD during the second quarter valued at approximately $1,452,000. Finally, Nantahala Capital Management LLC increased its position in QAD by 2.6% in the first quarter. Nantahala Capital Management LLC now owns 484,560 shares of the company’s stock valued at $10,297,000 after buying an additional 12,200 shares during the period. 44.80% of the stock is currently owned by institutional investors and hedge funds.

About QAD

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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