Wedge Capital Management L L P NC maintained its position in QAD Inc. (NASDAQ:QADA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,900 shares of the software maker’s stock at the end of the second quarter. Wedge Capital Management L L P NC owned approximately 0.06% of QAD worth $381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in QAD by 3.3% in the fourth quarter. State Street Corp now owns 191,706 shares of the software maker’s stock worth $5,827,000 after buying an additional 6,110 shares in the last quarter. Nationwide Fund Advisors boosted its position in QAD by 98.8% in the first quarter. Nationwide Fund Advisors now owns 24,548 shares of the software maker’s stock worth $684,000 after buying an additional 12,199 shares in the last quarter. Acadian Asset Management LLC boosted its position in QAD by 8.1% in the first quarter. Acadian Asset Management LLC now owns 109,867 shares of the software maker’s stock worth $3,058,000 after buying an additional 8,269 shares in the last quarter. Strs Ohio boosted its position in QAD by 61.0% in the first quarter. Strs Ohio now owns 19,000 shares of the software maker’s stock worth $529,000 after buying an additional 7,200 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in QAD by 22.6% in the first quarter. Essex Investment Management Co. LLC now owns 60,016 shares of the software maker’s stock worth $1,671,000 after buying an additional 11,078 shares in the last quarter. 52.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of QAD Inc. (NASDAQ:QADA) opened at 31.10 on Monday. QAD Inc. has a 12-month low of $19.57 and a 12-month high of $33.40. The stock’s market capitalization is $591.80 million. The stock’s 50 day moving average is $31.17 and its 200-day moving average is $30.04.

QAD (NASDAQ:QADA) last issued its quarterly earnings results on Thursday, May 25th. The software maker reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The company had revenue of $71.40 million for the quarter, compared to the consensus estimate of $68.54 million. QAD had a negative net margin of 5.49% and a positive return on equity of 1.22%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) EPS. On average, analysts expect that QAD Inc. will post $0.33 earnings per share for the current year.

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A number of brokerages have recently issued reports on QADA. ValuEngine raised QAD from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. William Blair reaffirmed an “outperform” rating on shares of QAD in a research note on Wednesday, June 28th. BidaskClub cut QAD from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. QAD currently has a consensus rating of “Buy” and a consensus price target of $33.50.

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.

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Institutional Ownership by Quarter for QAD (NASDAQ:QADA)

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