QAD Inc. (NASDAQ:QADA) had its price target upped by analysts at Benchmark Co. from $24.00 to $31.00 in a report released on Wednesday. The firm presently has a “buy” rating on the stock. Benchmark Co.’s price target would indicate a potential upside of 4.55% from the stock’s current price.

Separately, Zacks Investment Research downgraded QAD from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $28.00.

Shares of QAD (NASDAQ:QADA) opened at 29.65 on Wednesday. QAD has a 52-week low of $17.11 and a 52-week high of $30.00. The company has a market capitalization of $562.55 million, a PE ratio of 124.06 and a beta of 1.08. The stock’s 50 day moving average price is $23.97 and its 200-day moving average price is $21.12.

QAD (NASDAQ:QADA) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. The business earned $69.50 million during the quarter. QAD had a return on equity of 3.74% and a net margin of 1.29%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, analysts expect that QAD will post $0.39 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nantahala Capital Management LLC increased its position in QAD by 49.4% in the third quarter. Nantahala Capital Management LLC now owns 774,933 shares of the company’s stock worth $17,343,000 after buying an additional 256,217 shares in the last quarter. Renaissance Technologies LLC boosted its stake in QAD by 6.5% in the first quarter. Renaissance Technologies LLC now owns 520,177 shares of the company’s stock worth $11,054,000 after buying an additional 31,900 shares during the last quarter. Royce & Associates LP boosted its stake in QAD by 14.2% in the second quarter. Royce & Associates LP now owns 397,900 shares of the company’s stock worth $7,668,000 after buying an additional 49,400 shares during the last quarter. Rutabaga Capital Management LLC MA boosted its stake in QAD by 4.1% in the third quarter. Rutabaga Capital Management LLC MA now owns 366,596 shares of the company’s stock worth $8,817,000 after buying an additional 14,350 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in QAD by 9.5% in the third quarter. BlackRock Fund Advisors now owns 266,240 shares of the company’s stock worth $5,958,000 after buying an additional 23,022 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

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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.

5 Day Chart for NASDAQ:QADA

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