QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 778 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $42.00, for a total transaction of $32,676.00. Following the completion of the sale, the president now directly owns 4,422,095 shares of the company’s stock, valued at $185,727,990. The sale was disclosed in a filing with the SEC, which is accessible through this link.
QADA opened at $41.88 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.18. The stock has a market cap of $800.60 million, a price-to-earnings ratio of 82.12 and a beta of 1.09. QAD Inc. has a twelve month low of $35.00 and a twelve month high of $60.25. The company’s 50-day moving average price is $40.21 and its two-hundred day moving average price is $43.21.
QAD (NASDAQ:QADA) last released its earnings results on Wednesday, August 21st. The software maker reported ($0.02) earnings per share for the quarter, beating the Zacks’ 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 negative net margin of 2.70% and a positive return on equity of 2.21%. The company’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. As a group, sell-side analysts anticipate that QAD Inc. will post -0.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 18th will be paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, September 17th. QAD’s payout ratio is 56.86%.
A number of equities research analysts have issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of QAD in a research report on Wednesday, August 28th. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, August 13th. B. Riley set a $55.00 price objective on shares of QAD and gave the stock a “buy” rating in a research report on Friday, August 16th. ValuEngine raised shares of QAD from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Finally, TheStreet downgraded shares of QAD from a “b-” rating to a “c” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.33.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AltraVue Capital LLC boosted its stake in QAD by 83.2% in the second quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock valued at $10,263,000 after acquiring an additional 115,911 shares during the last quarter. Private Advisors LLC boosted its stake in QAD by 17.8% in the first quarter. Private Advisors LLC now owns 24,770 shares of the software maker’s stock valued at $1,067,000 after acquiring an additional 3,746 shares during the last quarter. Cortina Asset Management LLC purchased a new position in QAD in the second quarter valued at about $4,763,000. Legato Capital Management LLC boosted its stake in QAD by 46.2% in the second quarter. Legato Capital Management LLC now owns 52,559 shares of the software maker’s stock valued at $2,113,000 after acquiring an additional 16,600 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in QAD by 20.1% in the first quarter. Martingale Asset Management L P now owns 70,506 shares of the software maker’s stock valued at $3,038,000 after acquiring an additional 11,799 shares during the last quarter. Hedge funds and other institutional investors own 45.40% 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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