QAD (NASDAQ:QADA) Downgraded by ValuEngine

QAD (NASDAQ:QADA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, June 26th, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. TheStreet cut shares of Virtusa from a “b-” rating to a “c+” rating in a research report on Wednesday, May 29th. B. Riley set a $55.00 price objective on shares of QAD and gave the company a “buy” rating in a report on Thursday, March 21st. BidaskClub raised shares of YY from a “strong sell” rating to a “sell” rating in a report on Thursday, May 30th. Finally, Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. QAD currently has a consensus rating of “Buy” and an average price target of $53.33.

Shares of QADA stock traded down $0.68 during trading hours on Wednesday, hitting $42.51. The company’s stock had a trading volume of 62,159 shares, compared to its average volume of 58,087. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50 day simple moving average of $41.90. QAD has a 12-month low of $38.32 and a 12-month high of $61.80. The stock has a market cap of $839.28 million, a PE ratio of 83.35 and a beta of 1.12.

QAD (NASDAQ:QADA) last posted its quarterly earnings data on Wednesday, May 29th. The software maker reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. The company had revenue of $78.00 million during the quarter, compared to analysts’ expectations of $78.25 million. QAD had a net margin of 1.78% and a return on equity of 4.81%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Research analysts expect that QAD will post -0.26 EPS for the current year.

In related news, President Pamela M. Lopker sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $47.00, for a total value of $47,000.00. Following the completion of the transaction, the president now owns 4,489,095 shares of the company’s stock, valued at approximately $210,987,465. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Pamela M. Lopker sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $45.12, for a total transaction of $180,480.00. Following the completion of the transaction, the president now directly owns 4,495,095 shares of the company’s stock, valued at approximately $202,818,686.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,900 shares of company stock worth $2,030,947. 51.83% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nantahala Capital Management LLC raised its position in shares of QAD by 21.1% in the 4th quarter. Nantahala Capital Management LLC now owns 1,008,709 shares of the software maker’s stock valued at $39,672,000 after purchasing an additional 175,782 shares in the last quarter. AltraVue Capital LLC purchased a new stake in shares of QAD during the first quarter valued at $6,001,000. Cortina Asset Management LLC purchased a new stake in shares of QAD during the second quarter valued at $4,763,000. Assenagon Asset Management S.A. purchased a new stake in QAD in the 1st quarter worth about $3,325,000. Finally, Roubaix Capital LLC purchased a new stake in QAD in the 1st quarter worth about $2,283,000. Institutional investors own 46.69% of the company’s stock.

About QAD

QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.

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