The stock is trading at $37.15 which is marginally over $34.92, the 50 day moving average and quite a bit higher than the 200 day moving average of $32.04. The 50 day moving average was up $2.23 and the 200 day average was up $5.11. Trading was light with 346 shares changing hands on Tuesday. Overall, volume was down 99.02% under the stocks normal daily volume.
Traders are a little more bullish on QAD Inc. lately if you take into consideration the change in short interest. The firm had a fall in short interest of -15.63% as of September 29, 2017 from the last reporting period. Short interest fell 18,049 over that period. Days to cover decreased 0.0 to 3.0 and the percentage of shorted shares is 0.00% as of September 29.
These firms have modified their investment in QADA. As of quarter end Whetstone Capital Advisors, LLC had acquired 139,521 shares growing its stake by 600.1%. The value of the investment in (QADA) increased from $647,000 to $5,103,000 a change of $4,456,000 quarter over quarter. Acadian Asset Management LLC divested its holdings by selling 24,985 shares a decrease of 37.7% as of 09/30/2017. Acadian Asset Management LLC claims 41,283 shares valued at $1,417,000. The value of the position overall is down by 33.3%.
Meeder Asset Management Inc grew its stake by buying 175 shares an increase of 70.6% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc currently owns 423 shares worth $15,000. The total value of its holdings increased 87.5%. As of the end of the quarter Shell Asset Management CO had sold a total of 900 shares trimming its holdings by 2.8%. The value of the company’s investment in QAD Inc. went from $1,046,000 to $1,090,000 a change of 4.2% for the reporting period.
August 28 investment analysts at Canaccord Genuity left the company rating at “Buy” and raised the price target from $26.00 to $36.00. On September 20 Stifel Nicolaus left the stock rating at “Buy” and raised the price expectation to $38.00 from $30.00.
The company is down by 0.13%% since yesterday’s close of 37.2. Additionally the company recently announced a dividend for shareholders which was paid on Tuesday October 3rd, 2017. The dividend was $0.073 per share for the quarter which is $0.29 annualized. The dividend yield was $0.79. The ex-dividend date was set for Monday the 25th of September 2017.
In the last earnings report the EPS was $-0.91 and is estimated to be $0.32 for the current year with 19,216,000 shares presently outstanding. Next quarter’s EPS is expected be $0.15 with next year’s EPS anticipated to be $0.44.
QAD Inc. (QAD), launched on May 15, 1997, 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. QAD delivers components of its solution for a range of mobile platforms. The Business’s mobile suite includes a requisition approval solution, a mobile business intelligence solution, mobile browse capability and mobile application monitoring tools to support system administrators. Its mobile browse capability allows users to view, filter and sort data accessible through QAD Browses within QAD Enterprise Applications using mobile devices. The Channel Islands user interface (UI) delivered through the Channel Islands program provides access to QAD Enterprise Applications on mobile devices..