BidaskClub cut shares of QAD Inc. Class A (NASDAQ:QADA) from a buy rating to a hold rating in a research note released on Friday.

Several other research firms have also weighed in on QADA. Stifel Nicolaus increased their price target on QAD Inc. Class A from $53.00 to $61.00 and gave the company a buy rating in a report on Thursday, August 23rd. B. Riley initiated coverage on QAD Inc. Class A in a report on Wednesday, July 25th. They set a buy rating and a $71.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. QAD Inc. Class A currently has an average rating of Buy and a consensus target price of $55.75.

NASDAQ:QADA traded down $0.10 during midday trading on Friday, hitting $59.00. 50,387 shares of the company traded hands, compared to its average volume of 55,975. QAD Inc. Class A has a 12-month low of $32.05 and a 12-month high of $61.80. The firm has a market capitalization of $1.16 billion, a PE ratio of -125.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.52 and a current ratio of 1.55.

QAD Inc. Class A (NASDAQ:QADA) last released its quarterly earnings results on Wednesday, August 22nd. The software maker reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). QAD Inc. Class A had a negative net margin of 0.86% and a negative return on equity of 2.60%. The company had revenue of $84.54 million for the quarter, compared to analysts’ expectations of $82.39 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. equities analysts forecast that QAD Inc. Class A will post -0.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 25th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Monday, September 24th. This represents a $0.29 dividend on an annualized basis and a yield of 0.49%. QAD Inc. Class A’s payout ratio is -61.70%.

In other QAD Inc. Class A news, Director Cuylenburg Peter Van sold 8,000 shares of the stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $51.91, for a total value of $415,280.00. Following the sale, the director now owns 26,181 shares in the company, valued at $1,359,055.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Kara Bellamy sold 2,329 shares of the stock in a transaction on Monday, July 9th. The stock was sold at an average price of $51.56, for a total value of $120,083.24. Following the completion of the sale, the chief accounting officer now owns 16,749 shares in the company, valued at approximately $863,578.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,489 shares of company stock worth $1,253,117. Insiders own 43.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in QADA. Epoch Investment Partners Inc. purchased a new stake in QAD Inc. Class A in the first quarter worth $12,482,000. Russell Investments Group Ltd. increased its stake in shares of QAD Inc. Class A by 51.7% during the first quarter. Russell Investments Group Ltd. now owns 325,589 shares of the software maker’s stock valued at $13,560,000 after buying an additional 110,948 shares during the period. California Public Employees Retirement System increased its stake in shares of QAD Inc. Class A by 20.2% during the first quarter. California Public Employees Retirement System now owns 39,459 shares of the software maker’s stock valued at $1,643,000 after buying an additional 6,627 shares during the period. BlackRock Inc. increased its stake in shares of QAD Inc. Class A by 1.0% during the first quarter. BlackRock Inc. now owns 647,245 shares of the software maker’s stock valued at $26,958,000 after buying an additional 6,138 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of QAD Inc. Class A by 46.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 13,367 shares of the software maker’s stock valued at $557,000 after buying an additional 4,234 shares during the period. Institutional investors and hedge funds own 45.67% of the company’s stock.

QAD Inc. Class A Company Profile

QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.

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