QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 7,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $44.67, for a total value of $312,690.00. Following the transaction, the president now directly owns 4,504,095 shares of the company’s stock, valued at approximately $201,197,923.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of QADA stock opened at $47.79 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.10. QAD Inc. has a twelve month low of $38.39 and a twelve month high of $61.80. The company has a market capitalization of $938.17 million, a P/E ratio of 93.71 and a beta of 1.27.
QAD (NASDAQ:QADA) last issued its quarterly earnings data on Wednesday, March 20th. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.27. The business had revenue of $82.70 million for the quarter, compared to the consensus estimate of $81.64 million. QAD had a return on equity of 8.33% and a net margin of 3.13%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned ($0.28) EPS. On average, research analysts forecast that QAD Inc. will post -0.27 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in shares of QAD by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,137 shares of the software maker’s stock worth $123,000 after purchasing an additional 411 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of QAD by 32.9% during the 4th quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock worth $76,000 after purchasing an additional 482 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of QAD during the 4th quarter worth approximately $48,000. Teachers Advisors LLC grew its holdings in shares of QAD by 8.0% during the 3rd quarter. Teachers Advisors LLC now owns 20,112 shares of the software maker’s stock worth $1,139,000 after purchasing an additional 1,486 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of QAD by 8.4% during the 4th quarter. Two Sigma Investments LP now owns 20,361 shares of the software maker’s stock worth $801,000 after purchasing an additional 1,585 shares in the last quarter. 44.87% of the stock is currently owned by hedge funds and other institutional investors.
QADA has been the subject of several research analyst reports. TheStreet raised QAD from a “c” rating to a “b-” rating in a research note on Thursday, March 21st. Zacks Investment Research raised QAD from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday. BidaskClub raised QAD from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, ValuEngine downgraded QAD from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. QAD presently has a consensus rating of “Buy” and a consensus price target of $53.33.
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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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