QAD Inc. (QADA) Position Raised by JPMorgan Chase & Co.
JPMorgan Chase & Co. increased its position in shares of QAD Inc. (NASDAQ:QADA) by 12.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,078 shares of the software maker’s stock after acquiring an additional 13,192 shares during the period. JPMorgan Chase & Co. owned approximately 0.63% of QAD worth $4,183,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in QADA. Whetstone Capital Advisors LLC grew its holdings in QAD by 600.1% during the second quarter. Whetstone Capital Advisors LLC now owns 162,770 shares of the software maker’s stock worth $5,103,000 after acquiring an additional 139,521 shares during the period. Renaissance Technologies LLC grew its holdings in QAD by 10.4% during the second quarter. Renaissance Technologies LLC now owns 661,177 shares of the software maker’s stock worth $21,191,000 after acquiring an additional 62,300 shares during the period. Bamco Inc. NY grew its holdings in QAD by 316.7% during the second quarter. Bamco Inc. NY now owns 50,000 shares of the software maker’s stock worth $1,602,000 after acquiring an additional 38,000 shares during the period. OxFORD Asset Management LLP acquired a new position in QAD during the second quarter worth about $1,060,000. Finally, Vanguard Group Inc. grew its holdings in QAD by 8.5% during the second quarter. Vanguard Group Inc. now owns 399,989 shares of the software maker’s stock worth $12,820,000 after acquiring an additional 31,322 shares during the period. 44.82% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the company. BidaskClub lowered QAD from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $44.00 target price (up from $36.00) on shares of QAD in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Stifel Nicolaus lifted their target price on QAD from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. QAD currently has a consensus rating of “Hold” and a consensus target price of $43.33.
QAD (NASDAQ:QADA) last issued its quarterly earnings results on Tuesday, November 21st. The software maker reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $76.93 million for the quarter, compared to analysts’ expectations of $73.99 million. QAD had a negative return on equity of 2.06% and a negative net margin of 6.40%. QAD’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. analysts expect that QAD Inc. will post -0.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Tuesday, December 26th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.29 dividend on an annualized basis and a yield of 0.74%. QAD’s dividend payout ratio is currently -13.59%.
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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.
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