BidaskClub Lowers QAD (NASDAQ:QADA) to Sell

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BidaskClub lowered shares of QAD (NASDAQ:QADA) from a hold rating to a sell rating in a research report report published on Friday, BidAskClub reports.

A number of other equities analysts have also weighed in on QADA. Zacks Investment Research upgraded shares of QAD from a hold rating to a buy rating and set a $44.00 target price for the company in a research report on Tuesday, August 13th. TheStreet lowered shares of QAD from a b- rating to a c rating in a research report on Wednesday, May 29th. Finally, ValuEngine upgraded shares of QAD from a hold rating to a buy rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $50.33.

Shares of NASDAQ:QADA opened at $37.39 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a fifty day moving average price of $41.55 and a 200 day moving average price of $43.63. QAD has a fifty-two week low of $36.49 and a fifty-two week high of $61.80. The firm has a market cap of $724.02 million, a price-to-earnings ratio of 73.31 and a beta of 1.09.

QAD (NASDAQ:QADA) last issued its earnings results on Wednesday, May 29th. The software maker reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. QAD had a net margin of 1.78% and a return on equity of 4.81%. The firm had revenue of $78.00 million during the quarter, compared to analyst estimates of $78.25 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. QAD’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, research analysts predict that QAD will post -0.26 earnings per share for the current year.

In other QAD news, President Pamela M. Lopker sold 5,217 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $42.73, for a total transaction of $222,922.41. Following the completion of the transaction, the president now owns 4,472,878 shares in the company, valued at $191,126,076.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Pamela M. Lopker sold 1,217 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $48,874.72. Following the transaction, the president now owns 4,438,878 shares of the company’s stock, valued at approximately $178,265,340.48. The disclosure for this sale can be found here. Insiders have sold 31,117 shares of company stock valued at $1,331,692 in the last quarter. 51.83% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in QADA. Susquehanna International Group LLP increased its holdings in shares of QAD by 150.5% during the 2nd quarter. Susquehanna International Group LLP now owns 6,006 shares of the software maker’s stock valued at $242,000 after purchasing an additional 17,906 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of QAD during the 2nd quarter valued at approximately $2,072,000. AQR Capital Management LLC increased its holdings in shares of QAD by 25.8% during the 2nd quarter. AQR Capital Management LLC now owns 19,107 shares of the software maker’s stock valued at $768,000 after purchasing an additional 3,923 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of QAD by 8.5% during the 2nd quarter. Bank of America Corp DE now owns 38,166 shares of the software maker’s stock valued at $1,535,000 after purchasing an additional 2,983 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in shares of QAD during the 2nd quarter valued at approximately $312,000. Institutional investors and hedge funds own 47.14% of the company’s stock.

QAD Company Profile

QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.

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