QAD Inc. (NASDAQ:QADA) has been assigned an average rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $60.67.

A number of brokerages recently weighed in on QADA. BidaskClub cut QAD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 30th. Stifel Nicolaus upped their price objective on QAD from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Finally, B. Riley began coverage on QAD in a research note on Wednesday, July 25th. They set a “buy” rating and a $71.00 price objective for the company.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of QAD by 1.0% during the 1st quarter. BlackRock Inc. now owns 647,245 shares of the software maker’s stock worth $26,958,000 after purchasing an additional 6,138 shares during the last quarter. Russell Investments Group Ltd. raised its stake in QAD by 51.7% in the first quarter. Russell Investments Group Ltd. now owns 325,589 shares of the software maker’s stock valued at $13,560,000 after buying an additional 110,948 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in QAD in the first quarter valued at about $12,482,000. Northern Trust Corp raised its stake in QAD by 9.4% in the second quarter. Northern Trust Corp now owns 129,398 shares of the software maker’s stock valued at $6,489,000 after buying an additional 11,092 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in QAD by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 82,733 shares of the software maker’s stock valued at $4,149,000 after buying an additional 3,606 shares during the last quarter. Hedge funds and other institutional investors own 45.23% of the company’s stock.

Shares of QADA stock traded up $0.20 during mid-day trading on Monday, hitting $46.95. The stock had a trading volume of 94,545 shares, compared to its average volume of 47,967. QAD has a 12-month low of $34.90 and a 12-month high of $61.80. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -99.89 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.11.

QAD (NASDAQ:QADA) last issued its earnings results on Wednesday, August 22nd. The software maker reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). QAD had a negative return on equity of 2.60% and a negative net margin of 0.86%. The firm had revenue of $84.54 million during the quarter, compared to analysts’ expectations of $82.39 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. QAD’s quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts predict that QAD will post -0.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, September 25th were paid a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Monday, September 24th. QAD’s dividend payout ratio (DPR) is currently -61.70%.

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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