Emerald Acquisition Ltd. purchased a new stake in shares of QAD Inc. (NASDAQ:QADA) during the second quarter, Holdings Channel reports. The firm purchased 111,585 shares of the company’s stock, valued at approximately $2,150,000. Emerald Acquisition Ltd. owned approximately 0.59% of QAD as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Mission Wealth Management LLC purchased a new stake in QAD during the second quarter valued at about $295,000. Strs Ohio raised its stake in QAD by 8.3% in the second quarter. Strs Ohio now owns 23,400 shares of the company’s stock valued at $450,000 after buying an additional 1,800 shares in the last quarter. Geode Capital Management LLC raised its stake in QAD by 2.6% in the first quarter. Geode Capital Management LLC now owns 55,051 shares of the company’s stock valued at $1,169,000 after buying an additional 1,405 shares in the last quarter. VNBTrust National Association increased its position in shares of QAD by 11.5% in the second quarter. VNBTrust National Association now owns 68,308 shares of the company’s stock worth $1,316,000 after buying an additional 7,037 shares during the last quarter. Finally, William Harris Investors Inc. bought a new position in shares of QAD during the first quarter worth approximately $1,334,000. 44.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of QAD Inc. (NASDAQ:QADA) traded up 0.49% on Friday, reaching $22.38. The company had a trading volume of 33,386 shares. The firm has a market capitalization of $424.62 million, a PE ratio of 93.64 and a beta of 1.05. QAD Inc. has a 12 month low of $17.11 and a 12 month high of $27.56. The company’s 50-day moving average is $21.49 and its 200 day moving average is $20.18.
QAD (NASDAQ:QADA) last released its earnings results on Thursday, August 25th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.11. The firm had revenue of $69.80 million for the quarter. QAD had a return on equity of 5.00% and a net margin of 1.68%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. Equities analysts forecast that QAD Inc. will post $0.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 28th will be issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, September 26th. QAD’s dividend payout ratio (DPR) is currently 120.84%.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded QAD from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research note on Friday, September 2nd. Benchmark Co. upped their price objective on QAD from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 26th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.25.
QAD Company Profile
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
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