Analysts Set QAD Inc. (QADA) PT at $53.50

Shares of QAD Inc. (NASDAQ:QADA) have been assigned a consensus recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $53.50.

A number of research analysts have commented on QADA shares. TheStreet raised QAD from a “c” rating to a “b-” rating in a research report on Thursday, March 21st. ValuEngine lowered QAD from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Saturday, April 13th. B. Riley set a $55.00 price target on QAD and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, BidaskClub raised QAD from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th.

In other news, President Pamela M. Lopker sold 4,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $47.25, for a total value of $189,000.00. Following the completion of the transaction, the president now owns 4,461,095 shares of the company’s stock, valued at approximately $210,786,738.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Pamela M. Lopker sold 6,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $47.57, for a total value of $285,420.00. Following the completion of the transaction, the president now directly owns 4,475,095 shares of the company’s stock, valued at approximately $212,880,269.15. The disclosure for this sale can be found here. Insiders have sold a total of 71,000 shares of company stock valued at $3,228,240 in the last ninety days. 51.83% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in QADA. Marshall Wace North America L.P. bought a new position in shares of QAD in the 1st quarter worth approximately $41,000. Quantamental Technologies LLC bought a new position in shares of QAD in the 4th quarter worth approximately $48,000. US Bancorp DE raised its position in shares of QAD by 1,032.8% in the 1st quarter. US Bancorp DE now owns 1,348 shares of the software maker’s stock worth $58,000 after acquiring an additional 1,229 shares in the last quarter. Legal & General Group Plc raised its position in shares of QAD by 32.9% in the 4th quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock worth $76,000 after acquiring an additional 482 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of QAD by 21,650.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,175 shares of the software maker’s stock worth $94,000 after acquiring an additional 2,165 shares in the last quarter. 45.20% of the stock is owned by hedge funds and other institutional investors.

QADA opened at $48.55 on Tuesday. The company has a market cap of $963.05 million, a price-to-earnings ratio of 95.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.47 and a quick ratio of 1.47. QAD has a one year low of $38.39 and a one year high of $61.80.

QAD (NASDAQ:QADA) last released its quarterly 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 business had revenue of $82.70 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.28) EPS. Equities research analysts forecast that QAD will post -0.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were given a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, April 22nd. QAD’s payout ratio is 56.86%.

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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