QAD (QADA) is Reiterated by The Benchmark Company to Buy, Raises Price Target to $ 24

QAD (QADA) was Reiterated by The Benchmark Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $22 . The Benchmark Company advised their investors in a research report released on Aug 26, 2016.

On the company’s financial health, QAD reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $0.01. The company had revenue of $65.40 million for the quarter, compared to analysts expectations of $65.41 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

QAD opened for trading at $20.02 and hit $20.22 on the upside on Tuesday, eventually ending the session at $20.11, with a gain of 1.00% or 0.2 points. The heightened volatility saw the trading volume jump to 22,061 shares. Company has a market cap of $378 M.

In a different news, on Sep 9, 2015, Daniel Lender (EVP & CFO) sold 14,967 shares at $25.45 per share price. According to the SEC, on Sep 2, 2015, Anton Chilton (EVP, Global Services) sold 7,549 shares at $22.41 per share price. On Jul 16, 2015, Karl F Lopker (CEO) purchased 260,463 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

QAD Inc. is a global 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 supports operational requirements including financials manufacturing demand and supply chain planning customer management business intelligence and business process management. The Company monitors emerging business requirements and practices as well as regulatory changes. QAD delivers components of its solution for a range of mobile platforms. The Company’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.


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