QAD Inc. (NASDAQ:QADA) posted its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The business earned $69.50 million during the quarter, compared to analyst estimates of $69.25 million. QAD had a return on equity of 5.00% and a net margin of 1.68%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. QAD updated its FY17 guidance to $0.38-0.42 EPS.

Shares of QAD (NASDAQ:QADA) traded up 1.37% during midday trading on Tuesday, hitting $25.85. The company had a trading volume of 48,025 shares. The company has a 50-day moving average of $23.68 and a 200-day moving average of $21.01. The company has a market capitalization of $490.45 million, a PE ratio of 108.16 and a beta of 1.08. QAD has a 12 month low of $17.11 and a 12 month high of $26.06.

Earnings History for QAD (NASDAQ:QADA)

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. boosted its position in QAD by 6.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 37,164 shares of the company’s stock worth $831,000 after buying an additional 2,200 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in QAD during the third quarter valued at approximately $157,000. Two Sigma Advisers LP raised its stake in QAD by 4.2% in the third quarter. Two Sigma Advisers LP now owns 32,500 shares of the company’s stock valued at $727,000 after buying an additional 1,300 shares during the period. Morgan Stanley raised its stake in QAD by 5.4% in the third quarter. Morgan Stanley now owns 25,400 shares of the company’s stock valued at $569,000 after buying an additional 1,311 shares during the period. Finally, Northern Trust Corp raised its stake in QAD by 0.9% in the third quarter. Northern Trust Corp now owns 101,019 shares of the company’s stock valued at $2,261,000 after buying an additional 948 shares during the period. 43.42% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Benchmark Co. raised their price objective on QAD from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $26.25.

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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.

5 Day Chart for NASDAQ:QADA

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