American Century Companies Inc. trimmed its position in shares of QAD Inc. (NASDAQ:QADA) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,784 shares of the software maker’s stock after selling 1,546 shares during the period. American Century Companies Inc. owned 0.09% of QAD worth $699,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in QAD by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 114,191 shares of the software maker’s stock valued at $4,491,000 after purchasing an additional 5,943 shares during the period. Royce & Associates LP boosted its stake in QAD by 2.7% during the 4th quarter. Royce & Associates LP now owns 262,477 shares of the software maker’s stock valued at $10,323,000 after purchasing an additional 6,924 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in QAD by 383.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,492 shares of the software maker’s stock valued at $137,000 after purchasing an additional 2,769 shares during the period. BlackRock Inc. boosted its stake in QAD by 7.1% during the 4th quarter. BlackRock Inc. now owns 792,150 shares of the software maker’s stock valued at $31,157,000 after purchasing an additional 52,797 shares during the period. Finally, Prudential Financial Inc. boosted its stake in QAD by 61.9% during the 3rd quarter. Prudential Financial Inc. now owns 26,541 shares of the software maker’s stock valued at $1,503,000 after purchasing an additional 10,146 shares during the period. 45.25% of the stock is owned by hedge funds and other institutional investors.
In related news, President Pamela M. Lopker sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $46.81, for a total value of $187,240.00. Following the sale, the president now directly owns 4,469,095 shares in the company, valued at approximately $209,198,336.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Pamela M. Lopker sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $47.57, for a total transaction of $285,420.00. Following the completion of the sale, the president now owns 4,475,095 shares in the company, valued at $212,880,269.15. The disclosure for this sale can be found here. Insiders sold a total of 71,232 shares of company stock worth $3,218,399 over the last quarter. Insiders own 43.70% of the company’s stock.
QAD (NASDAQ:QADA) last released its earnings results on Wednesday, March 20th. The software maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.27. QAD had a net margin of 3.13% and a return on equity of 8.33%. The business had revenue of $82.70 million for the quarter, compared to the consensus estimate of $81.64 million. During the same period in the previous year, the firm earned ($0.28) EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts forecast that QAD Inc. will post -0.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were issued a $0.072 dividend. The ex-dividend date was Monday, April 22nd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.60%. QAD’s payout ratio is currently 56.86%.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of QAD from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. ValuEngine lowered shares of QAD from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research lowered shares of QAD from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. TheStreet raised shares of QAD from a “c” rating to a “b-” rating in a research note on Thursday, March 21st. Finally, B. Riley set a $55.00 price target on shares of QAD and gave the stock a “buy” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price 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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