Geode Capital Management LLC lifted its stake in QAD Inc. (NASDAQ:QADB) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,919 shares of the software maker’s stock after purchasing an additional 186 shares during the period. Geode Capital Management LLC owned approximately 0.19% of QAD worth $885,000 as of its most recent SEC filing.
QAD Inc. (QADB) opened at 27.50 on Friday. QAD Inc. has a 52-week low of $19.02 and a 52-week high of $29.20. The firm’s market capitalization is $528.44 million. The stock’s 50 day moving average is $25.95 and its 200-day moving average is $25.47.
QAD (NASDAQ:QADB) last announced its earnings results on Thursday, August 24th. The software maker reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.10). The business had revenue of $75.96 million for the quarter. QAD had a negative net margin of 5.98% and a negative return on equity of 0.48%. Equities analysts expect that QAD Inc. will post $0.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 26th will be issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, September 25th. This is a positive change from QAD’s previous quarterly dividend of $0.06. QAD’s dividend payout ratio (DPR) is currently -25.53%.
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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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