QAD (QADA) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a research note issued to investors on Friday. They currently have $49.00 target price on the software maker’s 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. “

Several other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of QAD from a sell rating to a strong sell rating in a research note on Thursday, October 11th. Stifel Nicolaus cut their target price on shares of QAD from $61.00 to $52.00 and set a buy rating for the company in a research note on Wednesday, November 21st. Finally, B. Riley set a $62.00 target price on shares of QAD and gave the company a buy rating in a research note on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. QAD currently has an average rating of Buy and an average target price of $53.25.

Shares of QADA stock opened at $42.87 on Friday. QAD has a twelve month low of $35.25 and a twelve month high of $61.80. The stock has a market capitalization of $832.48 million, a P/E ratio of -91.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.55 and a quick ratio of 1.55.

QAD (NASDAQ:QADA) last announced its earnings results on Tuesday, November 20th. The software maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. QAD had a net margin of 0.10% and a return on equity of 0.08%. The firm had revenue of $79.58 million during the quarter, compared to the consensus estimate of $81.12 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts expect that QAD will post 0.17 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC grew its holdings in QAD by 8.0% in the 3rd quarter. Teachers Advisors LLC now owns 20,112 shares of the software maker’s stock valued at $1,139,000 after buying an additional 1,486 shares during the period. TIAA CREF Investment Management LLC grew its holdings in QAD by 10.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 25,247 shares of the software maker’s stock valued at $1,430,000 after buying an additional 2,481 shares during the period. MetLife Investment Advisors LLC grew its holdings in QAD by 57.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 7,567 shares of the software maker’s stock valued at $429,000 after buying an additional 2,769 shares during the period. Wells Fargo & Company MN grew its holdings in QAD by 20.0% in the 3rd quarter. Wells Fargo & Company MN now owns 18,159 shares of the software maker’s stock valued at $1,029,000 after buying an additional 3,023 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in QAD by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,733 shares of the software maker’s stock valued at $4,149,000 after buying an additional 3,606 shares during the period. Institutional investors own 42.83% of the company’s stock.

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.

See Also: Bear Market

Get a free copy of the Zacks research report on QAD (QADA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for QAD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit