QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $48.67, for a total value of $146,010.00. Following the transaction, the president now owns 4,418,095 shares in the company, valued at approximately $215,028,683.65. The sale was disclosed in a document filed with the SEC, which is available through this link.
NASDAQ QADA traded up $0.09 during mid-day trading on Friday, hitting $49.35. The stock had a trading volume of 1,359 shares, compared to its average volume of 64,117. The firm’s 50 day moving average is $48.10 and its 200 day moving average is $43.81. QAD Inc. has a twelve month low of $35.00 and a twelve month high of $53.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.48. The stock has a market capitalization of $996.91 million, a price-to-earnings ratio of 96.43 and a beta of 1.09.
QAD (NASDAQ:QADA) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. QAD had a negative return on equity of 0.01% and a negative net margin of 3.63%. The firm had revenue of $77.80 million during the quarter, compared to the consensus estimate of $78.28 million. During the same period in the prior year, the company earned $0.14 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts expect that QAD Inc. will post -0.45 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of QADA. AltraVue Capital LLC increased 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 worth $10,263,000 after acquiring an additional 115,911 shares during the last quarter. State Street Corp increased its stake in shares of QAD by 15.8% in the 3rd quarter. State Street Corp now owns 222,592 shares of the software maker’s stock worth $10,279,000 after acquiring an additional 30,346 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of QAD by 1,275.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 143,146 shares of the software maker’s stock worth $6,610,000 after acquiring an additional 132,738 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of QAD by 8.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 69,753 shares of the software maker’s stock worth $2,804,000 after acquiring an additional 5,394 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of QAD by 4.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 63,281 shares of the software maker’s stock worth $2,545,000 after acquiring an additional 2,907 shares during the last quarter. 45.55% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on QADA shares. William Blair reiterated an “outperform” rating on shares of QAD in a research report on Wednesday, August 28th. B. Riley reiterated a “buy” rating and set a $60.00 target price on shares of QAD in a research report on Wednesday, November 27th. Stifel Nicolaus increased their price objective on QAD from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Zacks Investment Research downgraded QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, ValuEngine downgraded QAD from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.00.
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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