QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 2,000 shares of QAD stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $48.22, for a total value of $96,440.00. Following the transaction, the president now owns 4,300,095 shares in the company, valued at approximately $207,350,580.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NASDAQ QADA traded down $0.15 during trading on Thursday, hitting $48.00. The stock had a trading volume of 27,100 shares, compared to its average volume of 57,544. The company has a market capitalization of $973.71 million, a PE ratio of 94.12 and a beta of 1.04. The company’s 50-day moving average price is $45.61 and its two-hundred day moving average price is $43.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 1.48. QAD Inc. has a 12 month low of $35.00 and a 12 month high of $49.65.
QAD (NASDAQ:QADA) last released its earnings results on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.21. The firm had revenue of $76.38 million for the quarter, compared to analysts’ expectations of $77.89 million. QAD had a positive return on equity of 2.27% and a negative net margin of 2.70%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. As a group, equities analysts anticipate that QAD Inc. will post -0.47 earnings per share for the current fiscal year.
Several equities research analysts have commented on the company. ValuEngine cut QAD from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th. BidaskClub cut QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. B. Riley set a $55.00 target price on QAD and gave the company a “buy” rating in a research note on Friday, August 16th. William Blair restated an “outperform” rating on shares of QAD in a research note on Wednesday, August 28th. Finally, Zacks Investment Research cut QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $52.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QADA. Bank of Montreal Can bought a new stake in QAD in the 2nd quarter valued at approximately $38,000. Marshall Wace North America L.P. bought a new stake in QAD in the 1st quarter valued at approximately $41,000. Aperio Group LLC bought a new stake in QAD in the 2nd quarter valued at approximately $74,000. SG Americas Securities LLC acquired a new position in shares of QAD during the 2nd quarter worth approximately $108,000. Finally, Susquehanna International Group LLP increased its position 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 worth $242,000 after purchasing an additional 17,906 shares during the last quarter. Hedge funds and other institutional investors own 43.78% 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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