QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 2,256 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $42.06, for a total value of $94,887.36. Following the completion of the sale, the president now directly owns 4,578,839 shares of the company’s stock, valued at $192,585,968.34. The sale was disclosed in a legal filing with the SEC, which is available through this link.
QADA stock traded down $0.17 during mid-day trading on Monday, reaching $42.01. 4,071 shares of the company traded hands, compared to its average volume of 37,872. The company has a market capitalization of $824.66 million, a P/E ratio of -89.38 and a beta of 1.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.61 and a current ratio of 1.61. QAD Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $61.80.
QAD (NASDAQ:QADA) last released its quarterly earnings results on Tuesday, November 20th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $79.58 million during the quarter, compared to the consensus estimate of $81.12 million. QAD had a return on equity of 0.08% and a net margin of 0.10%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. As a group, sell-side analysts forecast that QAD Inc. will post 0.17 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new position in QAD during the 4th quarter valued at about $48,000. Victory Capital Management Inc. boosted its stake in QAD by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,137 shares of the software maker’s stock valued at $123,000 after purchasing an additional 411 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in QAD during the 3rd quarter valued at about $329,000. Mackenzie Financial Corp acquired a new position in QAD during the 3rd quarter valued at about $365,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in QAD during the 3rd quarter valued at about $386,000. Institutional investors and hedge funds own 45.15% of the company’s stock.
QADA has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their target price on QAD from $61.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. B. Riley set a $62.00 target price on QAD and gave the company a “buy” rating in a research report on Wednesday, November 21st. BidaskClub raised QAD from a “strong sell” rating to a “sell” rating in a research report on Friday, January 25th. Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Friday, November 30th. Finally, ValuEngine lowered QAD from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. QAD has an average rating of “Buy” and an average price target of $53.25.
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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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