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.
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.
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