Prudential Financial Inc. bought a new position in shares of QAD Inc. (NASDAQ:QADA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,635 shares of the software maker’s stock, valued at approximately $309,000. Prudential Financial Inc. owned approximately 0.05% of QAD as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. American International Group Inc. boosted its holdings in QAD by 7.0% during the first quarter. American International Group Inc. now owns 5,794 shares of the software maker’s stock worth $161,000 after buying an additional 378 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in QAD during the first quarter worth approximately $247,000. Stifel Financial Corp bought a new stake in QAD during the first quarter worth approximately $262,000. Rhumbline Advisers boosted its holdings in QAD by 0.8% during the second quarter. Rhumbline Advisers now owns 10,799 shares of the software maker’s stock worth $346,000 after buying an additional 90 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in QAD by 44.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the software maker’s stock worth $654,000 after buying an additional 6,300 shares in the last quarter. Hedge funds and other institutional investors own 43.67% of the company’s stock.

A number of analysts recently weighed in on QADA shares. BidaskClub cut shares of QAD from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Stifel Nicolaus raised their target price on shares of QAD from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, September 20th. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Canaccord Genuity raised their target price on shares of QAD from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, William Blair restated an “outperform” rating on shares of QAD in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.50.

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QAD (NASDAQ:QADA) last posted its quarterly earnings results on Friday, August 25th. The software maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. The business had revenue of $76.00 million during the quarter, compared to the consensus estimate of $72.16 million. QAD had a negative net margin of 5.98% and a negative return on equity of 0.47%. QAD’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 26th were paid a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, September 25th. QAD’s dividend payout ratio (DPR) is -30.85%.

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.

Institutional Ownership by Quarter for QAD (NASDAQ:QADA)

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