Investment Analysts’ Recent Ratings Changes for QAD (QADA)

Several analysts have recently updated their ratings and price targets for QAD (NASDAQ: QADA):

  • 5/17/2019 – QAD was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 5/4/2019 – QAD was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/2/2019 – QAD was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “
  • 5/1/2019 – QAD was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “
  • 4/25/2019 – QAD was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “
  • 4/24/2019 – QAD was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “
  • 4/13/2019 – QAD was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “
  • 4/11/2019 – QAD was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “

Shares of NASDAQ:QADA opened at $48.18 on Tuesday. The firm has a market cap of $941.85 million, a price-to-earnings ratio of 94.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.47 and a current ratio of 1.47. QAD Inc. has a one year low of $38.39 and a one year high of $61.80.

QAD (NASDAQ:QADA) last announced its earnings results on Wednesday, March 20th. The software maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.27. The firm had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $81.64 million. QAD had a return on equity of 8.33% and a net margin of 3.13%. QAD’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.28) EPS. As a group, equities research analysts forecast that QAD Inc. will post -0.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, April 22nd. QAD’s dividend payout ratio (DPR) is presently 56.86%.

In other QAD news, President Pamela M. Lopker sold 6,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $47.57, for a total transaction of $285,420.00. Following the sale, the president now owns 4,475,095 shares in the company, valued at approximately $212,880,269.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Pamela M. Lopker sold 3,000 shares of the stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $43.58, for a total value of $130,740.00. Following the sale, the president now owns 4,562,095 shares in the company, valued at approximately $198,816,100.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,000 shares of company stock worth $3,228,240. 51.83% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of QAD by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 86,666 shares of the software maker’s stock worth $4,910,000 after purchasing an additional 3,933 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of QAD by 13.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,082 shares of the software maker’s stock worth $1,874,000 after purchasing an additional 3,919 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of QAD by 57.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 7,567 shares of the software maker’s stock worth $429,000 after purchasing an additional 2,769 shares during the period. Teachers Advisors LLC lifted its stake in shares of QAD by 8.0% during the 3rd quarter. Teachers Advisors LLC now owns 20,112 shares of the software maker’s stock worth $1,139,000 after purchasing an additional 1,486 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of QAD by 10.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 25,247 shares of the software maker’s stock worth $1,430,000 after purchasing an additional 2,481 shares during the period. Hedge funds and other institutional investors own 45.68% of the company’s stock.

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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