QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 2,170 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $48.20, for a total transaction of $104,594.00. Following the sale, the president now directly owns 4,290,095 shares of the company’s stock, valued at approximately $206,782,579. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
QADA stock traded up $0.29 on Thursday, hitting $48.47. The company had a trading volume of 808 shares, compared to its average volume of 60,193. QAD Inc. has a 12-month low of $35.00 and a 12-month high of $49.65. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $45.99 and its 200 day simple moving average is $43.59. The stock has a market cap of $978.80 million, a price-to-earnings ratio of 95.04 and a beta of 1.04.
QAD (NASDAQ:QADA) last issued its earnings results on Wednesday, August 21st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.21. QAD had a negative net margin of 2.70% and a positive return on equity of 2.27%. The company had revenue of $76.38 million for the quarter, compared to analysts’ expectations of $77.89 million. During the same quarter last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. Research analysts forecast that QAD Inc. will post -0.47 earnings per share for the current year.
QADA has been the subject of several analyst reports. William Blair reissued an “outperform” rating on shares of QAD in a research report on Wednesday, August 28th. BidaskClub raised shares of QAD from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. ValuEngine cut shares of QAD from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 10th. Finally, B. Riley set a $55.00 target price on shares of QAD and gave the stock a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $52.33.
Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can purchased a new position in shares of QAD during the 2nd quarter worth $38,000. Marshall Wace North America L.P. purchased a new position in shares of QAD during the 1st quarter worth $41,000. Aperio Group LLC purchased a new position in shares of QAD during the 2nd quarter worth $74,000. SG Americas Securities LLC purchased a new position in shares of QAD during the 2nd quarter worth $108,000. Finally, Susquehanna International Group LLP boosted its stake 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 acquiring an additional 17,906 shares during the last quarter. Institutional investors own 44.19% 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.
Featured Story: Fundamental Analysis and Individual Investors
Receive News & Ratings for QAD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD and related companies with MarketBeat.com's FREE daily email newsletter.