QAD (NASDAQ:QADA) was downgraded by Sidoti from a "buy" rating to a "neutral" rating in a report issued on Thursday, The Fly reports.
Several other research firms have also issued reports on QADA. TheStreet raised shares of QAD from a "c+" rating to a "b" rating in a research report on Monday. Zacks Investment Research raised shares of QAD from a "sell" rating to a "hold" rating in a research report on Thursday, February 18th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. QAD has a consensus rating of "Buy" and a consensus price target of $56.50.
Shares of QADA stock opened at $77.37 on Thursday. QAD has a one year low of $37.02 and a one year high of $78.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50 day moving average price of $67.53 and a 200 day moving average price of $58.50. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 483.59 and a beta of 1.32.
QAD (NASDAQ:QADA) last issued its quarterly earnings results on Tuesday, March 23rd. The software maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.21 by $0.38. QAD had a net margin of 1.08% and a return on equity of 3.21%. The firm had revenue of $82.98 million during the quarter, compared to analyst estimates of $78.12 million. As a group, equities analysts forecast that QAD will post 0.09 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. acquired a new position in shares of QAD in the 3rd quarter worth approximately $371,000. Russell Investments Group Ltd. grew its stake in shares of QAD by 2.3% in the 4th quarter. Russell Investments Group Ltd. now owns 274,987 shares of the software maker's stock worth $17,355,000 after purchasing an additional 6,146 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of QAD by 10.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,309 shares of the software maker's stock worth $181,000 after purchasing an additional 421 shares during the last quarter. Sei Investments Co. grew its stake in shares of QAD by 19.8% in the 3rd quarter. Sei Investments Co. now owns 16,979 shares of the software maker's stock worth $688,000 after purchasing an additional 2,812 shares during the last quarter. Finally, Roubaix Capital LLC grew its stake in shares of QAD by 29.7% in the 4th quarter. Roubaix Capital LLC now owns 52,646 shares of the software maker's stock worth $3,326,000 after purchasing an additional 12,070 shares during 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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