QAD (NASDAQ:QADA) Stock Rating Lowered by Sidoti

Thursday, April 8, 2021 | MarketBeat

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.

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.

Featured Article: Why do companies issue stock splits?

The Fly

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: Call Option Volume

7 Internet of Things Stocks That Are a Perfect Fit to Our Connected Future

When you say the Internet of Things (IoT) you may get different responses. I like to think of it broadly as being about connection. It’s about devices that can connect with each other, and with the internet. And this provides users with the solutions that are making our lives more convenient.

The most basic, and ubiquitous, example of an IoT device is the smartphone that many of us have with us at all times. But think about what that has led to. Home assistants, security cameras, fitness apps, and so much more are all enabled by the internet of things.

IoT took on even more importance in the pandemic as businesses had to find a way to ensure the security and viability of their networks even as their employees were scattered remotely. This created demand for edge and cloud computing solutions that are also facilitated by the internet of things.

And yes, this is just the start. The need for more and more data is powering demand for IoT solution in areas such as autonomous vehicles.

But the good news is that this is an area that is still very much in its growth phase. And that means there is no lack of companies that you can find to trade in this sector. To help you get started, we’ve put together this special presentation that highlights seven such companies and the reasons why we believe they merit adding to your portfolio.

View the "7 Internet of Things Stocks That Are a Perfect Fit to Our Connected Future".

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.