QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $43.53, for a total transaction of $217,650.00. Following the transaction, the president now directly owns 4,399,095 shares in the company, valued at approximately $191,492,605.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of QADA stock opened at $45.37 on Friday. The company’s fifty day simple moving average is $40.28 and its 200-day simple moving average is $43.18. QAD Inc. has a 52 week low of $35.00 and a 52 week high of $58.75. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The company has a market cap of $923.05 million, a PE ratio of 88.96 and a beta of 1.09.
QAD (NASDAQ:QADA) last issued its earnings results on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.21. QAD had a negative net margin of 2.70% and a positive return on equity of 2.27%. The business had revenue of $76.38 million for the quarter, compared to the consensus estimate of $77.89 million. During the same quarter last year, the firm posted $0.05 EPS. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities research analysts expect that QAD Inc. will post -0.47 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of QADA. Cortina Asset Management LLC purchased a new position in shares of QAD in the 2nd quarter valued at $4,763,000. AltraVue Capital LLC raised its stake in shares of QAD by 83.2% in the 2nd quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock valued at $10,263,000 after acquiring an additional 115,911 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of QAD in the 2nd quarter valued at $2,072,000. Dupont Capital Management Corp purchased a new position in shares of QAD in the 2nd quarter valued at $808,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of QAD by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 388,200 shares of the software maker’s stock valued at $15,268,000 after acquiring an additional 19,737 shares during the period. 45.40% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on QADA shares. BidaskClub raised shares of QAD from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, August 13th. TheStreet downgraded shares of QAD from a “b-” rating to a “c” rating in a research note on Wednesday, May 29th. ValuEngine raised shares of QAD from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, William Blair reaffirmed an “outperform” rating on shares of QAD in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $50.33.
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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