QAD (NASDAQ:QADA) Rating Lowered to Buy at ValuEngine

QAD (NASDAQ:QADA) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Thursday, ValuEngine reports.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research upgraded QAD from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, August 13th. BidaskClub upgraded QAD from a “buy” rating to a “strong-buy” rating in a report on Friday, September 27th. William Blair reiterated an “outperform” rating on shares of QAD in a report on Wednesday, August 28th. Finally, B. Riley set a $55.00 price target on QAD and gave the stock a “buy” rating in a report on Friday, August 16th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.33.

Shares of NASDAQ QADA opened at $45.67 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50 day moving average price is $42.97 and its 200-day moving average price is $43.23. QAD has a fifty-two week low of $35.00 and a fifty-two week high of $49.65. The company has a market cap of $932.41 million, a price-to-earnings ratio of 218.24 and a beta of 1.07.

QAD (NASDAQ:QADA) last issued its quarterly earnings results on Wednesday, August 21st. The software maker reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.21. QAD had a positive return on equity of 2.27% and a negative net margin of 2.70%. The firm had revenue of $76.38 million for the quarter, compared to the consensus estimate of $77.89 million. During the same period in the prior year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. Sell-side analysts predict that QAD will post -0.47 earnings per share for the current year.

In related news, President Pamela M. Lopker sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $43.58, for a total value of $217,900.00. Following the transaction, the president now owns 4,456,095 shares of the company’s stock, valued at $194,196,620.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Pamela M. Lopker sold 3,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $42.53, for a total value of $127,590.00. Following the completion of the transaction, the president now directly owns 4,467,095 shares in the company, valued at approximately $189,985,550.35. The disclosure for this sale can be found here. In the last three months, insiders sold 60,995 shares of company stock worth $2,655,891. 51.83% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in QADA. Cortina Asset Management LLC bought a new position in QAD in the second quarter worth approximately $4,763,000. AltraVue Capital LLC grew its stake in QAD by 83.2% in the second quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock worth $10,263,000 after purchasing an additional 115,911 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in QAD during the 2nd quarter valued at $2,072,000. Dupont Capital Management Corp bought a new stake in QAD during the 2nd quarter valued at $808,000. Finally, Susquehanna International Group LLP boosted its position in QAD by 150.5% during the 2nd quarter. Susquehanna International Group LLP now owns 6,006 shares of the software maker’s stock valued at $242,000 after acquiring an additional 17,906 shares in the last quarter. 43.81% of the stock is currently owned by institutional investors.

QAD 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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