QAD (QADA) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of QAD (NASDAQ:QADA) from a buy rating to a hold rating in a report issued on Thursday morning.

QADA has been the subject of a number of other research reports. Stifel Nicolaus increased their price target on shares of QAD from $40.00 to $45.00 and gave the company a buy rating in a research note on Wednesday, November 22nd. Zacks Investment Research cut shares of QAD from a buy rating to a hold rating in a research note on Saturday, October 21st. Finally, Canaccord Genuity restated a buy rating and set a $44.00 target price (up previously from $36.00) on shares of QAD in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $43.33.

Shares of QAD (QADA) traded down $0.15 during mid-day trading on Thursday, reaching $39.55. 8,871 shares of the company’s stock were exchanged, compared to its average volume of 43,004. The firm has a market capitalization of $787.12, a PE ratio of -38.54 and a beta of 1.07. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. QAD has a 12-month low of $26.04 and a 12-month high of $45.35.

QAD (NASDAQ:QADA) last announced its quarterly earnings results on Tuesday, November 21st. The software maker reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $76.93 million during the quarter, compared to analysts’ expectations of $73.99 million. QAD had a negative net margin of 6.40% and a negative return on equity of 2.06%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. research analysts expect that QAD will post -0.25 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of QADA. Schwab Charles Investment Management Inc. lifted its stake in shares of QAD by 44.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the software maker’s stock worth $654,000 after buying an additional 6,300 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of QAD by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 73,858 shares of the software maker’s stock worth $2,367,000 after buying an additional 4,432 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of QAD during the 2nd quarter worth about $309,000. Wells Fargo & Company MN lifted its stake in shares of QAD by 11.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock worth $248,000 after buying an additional 796 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of QAD by 16.0% during the 2nd quarter. Teachers Advisors LLC now owns 17,654 shares of the software maker’s stock worth $566,000 after buying an additional 2,432 shares during the last quarter. Institutional investors own 44.89% of the company’s stock.

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About QAD

QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.

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