QAD Inc. (NASDAQ: QADA) hit a new 41-week high on Friday. The company traded as high as $ 77.99 and last traded at $ 73.77, with a volume of 880 shares traded. The stock was previously at $ 73.78.
A number of stock analysts looked at the stock recently. Zacks Investment Research upgraded QAD shares from a “hold” rating to a “buy” rating and set a $ 79,000 price target on the stock in a research release dated Thursday June 3rd. Sidoti re-affirmed a “neutral” rating and gave a $ 77.00 target price on QAD’s stock in a research note on Wednesday, April 14th. Finally, TheStreet downgraded QAD shares in a research release on Wednesday, May 23rd.
The company has a Leverage Ratio of 0.06, a Current Ratio of 1. 41, and a Fast Ratio of 1. 41. The company has a market cap of $ 1. 71 billion, a P / E of 144.82 and a beta of 1. 28. The stock has a 59-day simple moving average of $ 71.71.
QAD (NASDAQ: QADA) last opened on Tuesday, March 27th. The software maker reported $ 0.59 EPS for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.5. 21 at $ 0.29. The firm had revenues of $ 81.96 million for the quarter, compared to a consensus estimate of $ 77.14 million. QAD had a net margin of 3. 48% and a return on equity of 7.78%.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 5th. registered shareholders on Wednesday April 28 received a dividend of $ 0. 072 per share. This equates to an annualized dividend of $ 0.38 and a return of 0.38%. The ex-dividend date of this dividend was Tuesday, April 23rd. The QAD payout percentage is 48.71%.
A number of institutional investors recently bought and sold QADA shares. Marshall Wace North America LP has a new position in QAD valued at $ 48,0000 in the first quarter. Arizona State Retirement System acquired approximately .090 new interest in QAD stock in the fourth quarter. Victory Capital Management Inc. increased its position in QAD stocks up 138.4% in the fourth quarter. Victory Capital Management Inc. now owns 23,150 shares in the software company for $ 1,355,000 after purchasing an additional 17,217 shares last quarter. Russell Investments Group Ltd. increased its position in QAD stocks by 2.3% in the fourth quarter. Russell Investments Group Ltd. now owns 220.2021 shares in the software company valued at $ 16,355.09 0 after purchasing an additional 6,150 shares last quarter. Finally, the New York State Common Retirement Fund moved its position in QAD stocks up 14.5% in the fourth quarter. The New York State Common Retirement Fund now owns 0,72,355 shares in the software company, valued at $ 4,880.09 0 after purchasing an additional 09,880 shares last quarter. 38.78% of the stock is currently owned by hedge funds and other institutional investors.
QAD Inc, together with its subsidiaries, provides cloud-based enterprise software solutions in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America. The company offers effective software products for business management, including finance, internationalization, cloud EDI, EDI eCommerce and e-invoicing solutions; Digital manufacturing software products that include manufacturing, production execution, enterprise asset management, automation, and enterprise quality management system solutions; and complete customer management software products, consisting of customer and service management, customer self service, configurator, trading activity management, CRM and field service management solutions.
Receive News & Ratings for QAD Daily – Enter your email address below to receive a brief daily summary of the latest news and analysts’ ratings for QAD and related companies in IMS Magazine’s FREE daily email newsletter.