QAD Inc. (NASDAQ:QADA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California. “

Separately, Benchmark Co. lifted their price target on shares of QAD from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $26.25.

QAD (NASDAQ:QADA) opened at 24.10 on Wednesday. QAD has a one year low of $17.11 and a one year high of $26.55. The company has a 50-day moving average price of $23.17 and a 200-day moving average price of $20.74. The company has a market capitalization of $457.25 million, a PE ratio of 100.84 and a beta of 1.08.

QAD (NASDAQ:QADA) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The company earned $69.80 million during the quarter. QAD had a net margin of 1.68% and a return on equity of 5.00%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. Analysts expect that QAD will post $0.39 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP raised its position in QAD by 14.2% in the second quarter. Royce & Associates LP now owns 397,900 shares of the company’s stock valued at $7,668,000 after buying an additional 49,400 shares in the last quarter. William Harris Investors Inc. raised its stake in shares of QAD by 274.9% in the second quarter. William Harris Investors Inc. now owns 235,345 shares of the company’s stock worth $4,535,000 after buying an additional 172,575 shares during the period. Alambic Investment Management L.P. raised its stake in shares of QAD by 2.1% in the second quarter. Alambic Investment Management L.P. now owns 59,171 shares of the company’s stock worth $1,140,000 after buying an additional 1,219 shares during the period. Nantahala Capital Management LLC raised its stake in shares of QAD by 2.6% in the first quarter. Nantahala Capital Management LLC now owns 484,560 shares of the company’s stock worth $10,297,000 after buying an additional 12,200 shares during the period. Finally, Societe Generale bought a new stake in shares of QAD during the second quarter worth $1,452,000. 44.51% of the stock is currently owned by institutional investors and hedge funds.

About QAD

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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