QAD Inc. (NASDAQ:QADA) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.00.
Several brokerages have recently weighed in on QADA. Zacks Investment Research cut QAD from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd. Canaccord Genuity restated a “buy” rating and set a $44.00 target price on shares of QAD in a research report on Tuesday, February 27th. Stifel Nicolaus boosted their target price on QAD from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, BidaskClub upgraded QAD from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd.
Institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new position in QAD during the fourth quarter worth about $186,000. Macquarie Group Ltd. bought a new stake in QAD during the third quarter worth about $196,000. Dynamic Technology Lab Private Ltd bought a new stake in QAD during the third quarter worth about $224,000. Wells Fargo & Company MN lifted its stake in QAD by 11.5% during the second quarter. Wells Fargo & Company MN now owns 7,746 shares of the software maker’s stock worth $248,000 after purchasing an additional 796 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in QAD by 10.9% during the second quarter. The Manufacturers Life Insurance Company now owns 7,979 shares of the software maker’s stock worth $256,000 after purchasing an additional 786 shares during the last quarter. Institutional investors and hedge funds own 45.71% of the company’s stock.
Shares of QAD (QADA) traded down $0.15 during midday trading on Friday, hitting $45.05. The stock had a trading volume of 18,608 shares, compared to its average volume of 45,502. The stock has a market capitalization of $877.57, a PE ratio of -43.69 and a beta of 1.00. QAD has a one year low of $26.04 and a one year high of $50.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.60.
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QAD Company Profile
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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