QAD (NASDAQ:QADA) Lifted to "Buy" at Sidoti

Wednesday, March 31, 2021 | MarketBeat

QAD (NASDAQ:QADA) was upgraded by analysts at Sidoti from a "neutral" rating to a "buy" rating in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a $77.00 price target on the software maker's stock, up from their previous price target of $75.00. Sidoti's price objective points to a potential upside of 18.92% from the company's current price.

Separately, Zacks Investment Research raised QAD from a "sell" rating to a "hold" rating in a report on Thursday, February 18th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus target price of $56.50.

Shares of QADA stock opened at $64.75 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $67.87 and a two-hundred day moving average of $57.37. QAD has a 52 week low of $37.02 and a 52 week high of $76.11. The company has a market cap of $1.34 billion, a P/E ratio of 404.71 and a beta of 1.32.

QAD (NASDAQ:QADA) last issued its earnings results on Tuesday, March 23rd. The software maker reported $0.59 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.38. QAD had a return on equity of 3.21% and a net margin of 1.08%. The company had revenue of $82.98 million during the quarter, compared to the consensus estimate of $78.12 million. Analysts expect that QAD will post 0.09 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new position in shares of QAD in the first quarter valued at $41,000. JPMorgan Chase & Co. increased its holdings in shares of QAD by 10.8% in the third quarter. JPMorgan Chase & Co. now owns 4,309 shares of the software maker's stock valued at $181,000 after buying an additional 421 shares in the last quarter. Arizona State Retirement System bought a new position in shares of QAD in the fourth quarter valued at $220,000. State Board of Administration of Florida Retirement System bought a new position in shares of QAD in the fourth quarter valued at $241,000. Finally, Morgan Stanley increased its holdings in shares of QAD by 5.3% in the third quarter. Morgan Stanley now owns 7,642 shares of the software maker's stock valued at $323,000 after buying an additional 385 shares in the last quarter. 47.03% of the stock is currently owned by institutional investors.

About QAD

QAD Inc provides cloud-based enterprise software solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers various software solutions, such as customer and service management solutions for manufacturers to acquire new customers; manufacturing solutions, which supports manufacturing business processes; enterprise asset management to manage, maintain, and install capital equipment; supply chain execution solutions that provides tools to support inventory and warehouse management; and financials solutions to manage and control finance and accounting processes.

Further Reading: Different Types of Derivatives

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Short Selling

7 Cloud Computing Stocks to Lift Your Portfolio to New Heights

Cloud computing sounds complicated, and it has become more sophisticated as it evolves. However, the basic idea behind the cloud is the same. The “cloud” is a euphemistic term for the delivery of different services via the internet. In its early days, the cloud was used exclusively for data storage. Here’s an easy example of why this was important.

Back when the internet was cutting its teeth, I worked in marketing communications. The need to comply with Total Quality Control Systems (TQCS) for our largest clients meant we had to save every version of our files. Every. Single. One. Now imagine that you’re producing a 120-page product catalog complete with photos and charts. Your hard drive is burning up just thinking about it. Yet that “data” had to be stored somewhere. And so we had a virtual server farm to try to warehouse all these graphic intensive (and memory sucking) files until we could archive them.

Other than the storage nightmare, consider that it was a pain to work remotely. You could copy a file from the server, but then were you working on the right file? I’m sure at least one person is reading this who remembers this pain.

The cloud takes that away. Cloud computing allows you to store files on a secure, remote server that everyone can access anywhere they have an internet connection. But it’s become so much more than that. Cloud computing now gives businesses a platform from which they can create applications and software. If that sounds confusing, I hope to simplify it in this presentation. To help you understand which cloud computing stocks, you may want to add to your portfolio, and we’ve created this special presentation. These are seven of the cloud computing stocks that will continue to grow with the sector.

View the "7 Cloud Computing Stocks to Lift Your Portfolio to New Heights".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.