Analysts Set QAD Inc. (NASDAQ:QADA) Price Target at $59.00

QAD Inc. (NASDAQ:QADA) has received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $59.00.

Several brokerages have issued reports on QADA. Stifel Nicolaus raised their price objective on QAD from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. BidaskClub lowered QAD from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. B. Riley reaffirmed a “buy” rating and set a $60.00 price objective on shares of QAD in a report on Wednesday, November 27th. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, William Blair reaffirmed an “outperform” rating on shares of QAD in a report on Wednesday, August 28th.

In other QAD news, President Pamela M. Lopker sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $43.08, for a total transaction of $129,240.00. Following the transaction, the president now owns 4,404,095 shares of the company’s stock, valued at $189,728,412.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Pamela M. Lopker sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $43.53, for a total value of $217,650.00. Following the transaction, the president now directly owns 4,399,095 shares in the company, valued at approximately $191,492,605.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,792 shares of company stock worth $4,029,058. Corporate insiders own 51.83% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QADA. Russell Investments Group Ltd. grew its holdings in shares of QAD by 1,275.3% during the third quarter. Russell Investments Group Ltd. now owns 143,146 shares of the software maker’s stock worth $6,610,000 after buying an additional 132,738 shares during the last quarter. AltraVue Capital LLC grew its holdings in shares of QAD by 83.2% during the second quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock worth $10,263,000 after buying an additional 115,911 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of QAD during the third quarter worth about $2,853,000. Nuveen Asset Management LLC purchased a new position in shares of QAD during the second quarter worth about $2,072,000. Finally, State Street Corp grew its holdings in shares of QAD by 15.8% during the third quarter. State Street Corp now owns 222,592 shares of the software maker’s stock worth $10,279,000 after buying an additional 30,346 shares during the last quarter. 45.55% of the stock is currently owned by hedge funds and other institutional investors.

QAD stock traded up $0.17 during midday trading on Friday, reaching $48.21. The company’s stock had a trading volume of 2,436 shares, compared to its average volume of 61,722. QAD has a fifty-two week low of $35.00 and a fifty-two week high of $53.89. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. The company has a market cap of $982.66 million, a P/E ratio of 94.55 and a beta of 1.09. The business has a 50-day simple moving average of $47.87 and a 200-day simple moving average of $43.81.

QAD (NASDAQ:QADA) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.10. The company had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $78.28 million. QAD had a negative return on equity of 0.01% and a negative net margin of 3.63%. QAD’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. As a group, equities analysts forecast that QAD will post -0.45 earnings per share for the current year.

About QAD

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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