Carl Domino Cut Cummins (CMI) Position; Qad Class A (QADA) Shorts Increased By 6.59%

September 17, 2017 - By Clifton Ray

Carl Domino Inc decreased Cummins Inc (CMI) stake by 16.01% reported in 2016Q4 SEC filing. Carl Domino Inc sold 2,379 shares as Cummins Inc (CMI)’s stock rose 1.30%. The Carl Domino Inc holds 12,480 shares with $1.71M value, down from 14,859 last quarter. Cummins Inc now has $27.70 billion valuation. The stock decreased 0.80% or $1.34 on September 15, reaching $165.23. About 2.32M shares traded or 79.84% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since September 17, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Qad Class A (NASDAQ:QADA) had an increase of 6.59% in short interest. QADA’s SI was 123,000 shares in September as released by FINRA. Its up 6.59% from 115,400 shares previously. With 40,500 avg volume, 3 days are for Qad Class A (NASDAQ:QADA)’s short sellers to cover QADA’s short positions. The SI to Qad Class A’s float is 1.12%. The stock decreased 0.90% or $0.3 on September 15, reaching $33.1. About 96,858 shares traded or 163.72% up from the average. QAD Inc. (NASDAQ:QADA) has risen 57.33% since September 17, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 3 analysts covering QAD (NASDAQ:QADA), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. QAD had 8 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating by William Blair given on Friday, August 28. The company was upgraded on Tuesday, September 1 by Zacks. The stock has “Buy” rating by Stifel Nicolaus on Friday, August 25. Canaccord Genuity maintained QAD Inc. (NASDAQ:QADA) on Thursday, August 27 with “Buy” rating. Benchmark maintained it with “Buy” rating and $31 target in Wednesday, November 23 report. Canaccord Genuity maintained QAD Inc. (NASDAQ:QADA) on Friday, May 26 with “Buy” rating. The firm earned “Buy” rating on Monday, August 28 by Canaccord Genuity. Benchmark maintained QAD Inc. (NASDAQ:QADA) rating on Friday, August 26. Benchmark has “Buy” rating and $24 target.

QAD Inc. 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. The company has market cap of $619.75 million. 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. It currently has negative earnings. QAD delivers components of its solution for a range of mobile platforms.

Among 25 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 15 Hold. Therefore 28% are positive. Cummins had 71 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Cummins Inc. (NYSE:CMI) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, March 15. The stock has “Neutral” rating by Buckingham Research on Wednesday, April 6. Seaport Global initiated Cummins Inc. (NYSE:CMI) on Thursday, April 6 with “Neutral” rating. The rating was downgraded by Robert W. Baird on Wednesday, October 28 to “Neutral”. Morgan Stanley downgraded the shares of CMI in report on Wednesday, October 28 to “Underweight” rating. On Tuesday, December 1 the stock rating was downgraded by Bank of America to “Underperform”. William Blair downgraded it to “Market Perform” rating and $110 target in Friday, September 25 report. The stock of Cummins Inc. (NYSE:CMI) has “Buy” rating given on Wednesday, October 28 by Argus Research. As per Thursday, June 15, the company rating was maintained by Stifel Nicolaus. On Tuesday, October 6 the stock rating was downgraded by BMO Capital Markets to “Market Perform”.

Since April 28, 2017, it had 0 buys, and 7 sales for $8.52 million activity. 4,000 shares were sold by Satterthwaite Tony, worth $604,139 on Friday, April 28. Another trade for 24,000 shares valued at $3.91 million was sold by LINEBARGER NORMAN THOMAS. On Thursday, May 25 NELSON GEORGIA R sold $169,527 worth of Cummins Inc. (NYSE:CMI) or 1,086 shares. Shares for $1.07M were sold by CHAPMAN STEVEN M. Another trade for 1,650 shares valued at $259,878 was made by Talaulicar Anant on Tuesday, May 30. Another trade for 14,050 shares valued at $2.30M was sold by Ward Pat. HERMAN ALEXIS M also sold $206,911 worth of Cummins Inc. (NYSE:CMI) shares.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on November, 7. They expect $2.41 earnings per share, up 19.31% or $0.39 from last year’s $2.02 per share. CMI’s profit will be $404.02M for 17.14 P/E if the $2.41 EPS becomes a reality. After $2.53 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.74% negative EPS growth.

Investors sentiment increased to 1.01 in 2016 Q4. Its up 0.09, from 0.92 in 2016Q3. It increased, as 44 investors sold CMI shares while 270 reduced holdings. 92 funds opened positions while 242 raised stakes. 129.92 million shares or 0.10% less from 130.04 million shares in 2016Q3 were reported. Huntington National Bank & Trust owns 2,291 shares or 0.01% of their US portfolio. Pnc Fincl Group holds 193,156 shares or 0.03% of its portfolio. Wharton Business Group Llc holds 1,916 shares or 0.03% of its portfolio. Moreover, State Board Of Administration Of Florida Retirement Sys has 0.09% invested in Cummins Inc. (NYSE:CMI). Advantus Capital Mgmt Incorporated, Minnesota-based fund reported 15,555 shares. Investec Asset Mgmt North America reported 78,593 shares or 1.61% of all its holdings. Meiji Yasuda Life Insur holds 0.18% of its portfolio in Cummins Inc. (NYSE:CMI) for 7,792 shares. Dynamic Cap Mgmt Limited holds 7,487 shares or 0.11% of its portfolio. Bailard Inc reported 17,039 shares. New York-based Alliancebernstein Limited Partnership has invested 0.04% in Cummins Inc. (NYSE:CMI). Quantitative Investment Mngmt Ltd holds 17,600 shares. Meristem Llp has invested 0.33% in Cummins Inc. (NYSE:CMI). Parasol Investment Mngmt accumulated 700 shares. Covington Mgmt holds 0.57% in Cummins Inc. (NYSE:CMI) or 47,338 shares. Pensionfund Dsm Netherlands has invested 0.54% of its portfolio in Cummins Inc. (NYSE:CMI).

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