Dimensional Fund Advisors LP Cuts Stake in QAD Inc. (NASDAQ:QADB)

Dimensional Fund Advisors LP cut its holdings in shares of QAD Inc. (NASDAQ:QADB) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 75,263 shares of the software maker’s stock after selling 1,483 shares during the period. Dimensional Fund Advisors LP’s holdings in QAD were worth $3,650,000 as of its most recent SEC filing.

Separately, TheStreet downgraded QAD from a “b” rating to a “c+” rating in a research note on Wednesday, May 26th.

Shares of QAD stock opened at $49.83 on Thursday. The firm’s 50-day simple moving average is $48.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.03 billion, a P/E ratio of 106.39 and a beta of 1.43. QAD Inc. has a 1-year low of $27.37 and a 1-year high of $53.00.

QAD (NASDAQ:QADB) last announced its earnings results on Wednesday, March 24th. The software maker reported $0.34 earnings per share for the quarter. The company had revenue of $82.98 million during the quarter. QAD had a return on equity of 9.74% and a net margin of 3.59%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 5th. Investors of record on Wednesday, April 28th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, April 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.48%.

About QAD

QAD Inc, together with its subsidiaries, provides cloud-based enterprise software solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company offers effective enterprise management software products, including financials, internationalization, cloud EDI, EDI eCommerce, and e-invoicing solutions; digital manufacturing software products, which include manufacturing, production execution, enterprise asset management, automation, and enterprise quality management system solutions; and complete customer management software products comprising customer and service management, customer self service, configurator, trade activity management, CRM, and field service management solutions.

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