QAD (QADA) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of QAD (NASDAQ:QADA) from a hold rating to a buy rating in a research report report published on Tuesday, April 10th.

Several other analysts also recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of QAD from $45.00 to $48.00 and gave the company a buy rating in a report on Friday, February 23rd. Zacks Investment Research downgraded shares of QAD from a hold rating to a sell rating in a research note on Saturday, March 3rd. Canaccord Genuity restated a buy rating and issued a $44.00 price target on shares of QAD in a research note on Tuesday, February 27th. Finally, ValuEngine upgraded shares of QAD from a hold rating to a buy rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. QAD has an average rating of Buy and an average price target of $48.00.

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Shares of QADA stock traded up $0.60 during trading on Tuesday, hitting $45.55. 23,132 shares of the stock traded hands, compared to its average volume of 47,807. QAD has a 52-week low of $28.65 and a 52-week 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. The firm has a market cap of $860.25, a PE ratio of -95.64 and a beta of 1.09.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 24th will be given a $0.072 dividend. The ex-dividend date is Monday, April 23rd. This represents a $0.29 dividend on an annualized basis and a yield of 0.63%. QAD’s dividend payout ratio (DPR) is presently -61.70%.

In related news, EVP Anton Chilton sold 6,625 shares of the business’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $45.86, for a total value of $303,822.50. Following the completion of the sale, the executive vice president now directly owns 32,684 shares of the company’s stock, valued at $1,498,888.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 44.08% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in QAD by 2.5% during the fourth quarter. BlackRock Inc. now owns 641,107 shares of the software maker’s stock worth $24,905,000 after purchasing an additional 15,678 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in QAD by 21.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 480,981 shares of the software maker’s stock worth $18,686,000 after purchasing an additional 83,358 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in QAD by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 121,078 shares of the software maker’s stock worth $4,183,000 after purchasing an additional 13,192 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in QAD by 17.5% during the third quarter. Russell Investments Group Ltd. now owns 119,871 shares of the software maker’s stock worth $4,118,000 after purchasing an additional 17,818 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in QAD by 53.6% during the fourth quarter. Deutsche Bank AG now owns 101,253 shares of the software maker’s stock worth $3,932,000 after purchasing an additional 35,339 shares in the last quarter. 45.71% of the stock is owned by institutional investors and hedge funds.

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QAD Company Profile

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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