QAD Inc. (NASDAQ:QADA) declared a quarterly dividend on Friday, September 16th. Shareholders of record on Wednesday, September 28th will be given a dividend of 0.072 per share on Wednesday, October 5th. This represents a $0.29 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, September 26th.
QAD (NASDAQ:QADA) opened at 22.55 on Friday. QAD has a 52-week low of $17.11 and a 52-week high of $27.56. The firm has a market cap of $427.84 million, a price-to-earnings ratio of 94.35 and a beta of 1.05. The firm’s 50-day moving average price is $21.17 and its 200 day moving average price is $20.11.
QAD (NASDAQ:QADA) last posted its earnings results on Thursday, August 25th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. QAD had a return on equity of 5.00% and a net margin of 1.68%. The business earned $69.80 million during the quarter. During the same quarter last year, the business posted $0.19 EPS. QAD’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts forecast that QAD will post $0.39 EPS for the current year.
A number of research firms have recently issued reports on QADA. Zacks Investment Research upgraded QAD from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, September 2nd. Benchmark Co. increased their target price on QAD from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $26.25.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors increased its position in shares of QAD by 17.7% in the second quarter. Nationwide Fund Advisors now owns 7,973 shares of the company’s stock worth $154,000 after buying an additional 1,200 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of QAD by 0.7% in the second quarter. Teachers Advisors Inc. now owns 14,415 shares of the company’s stock worth $278,000 after buying an additional 101 shares in the last quarter. BlackRock Investment Management LLC increased its position in shares of QAD by 7.6% in the second quarter. BlackRock Investment Management LLC now owns 41,596 shares of the company’s stock worth $802,000 after buying an additional 2,940 shares in the last quarter. Ranger Investment Management L.P. increased its position in shares of QAD by 4.2% in the second quarter. Ranger Investment Management L.P. now owns 51,650 shares of the company’s stock worth $995,000 after buying an additional 2,090 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of QAD by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 260,231 shares of the company’s stock worth $5,015,000 after buying an additional 951 shares in the last quarter. 45.24% of the stock is owned by hedge funds and other institutional investors.
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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