QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 5,217 shares of QAD stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $42.73, for a total transaction of $222,922.41. Following the transaction, the president now directly owns 4,472,878 shares in the company, valued at $191,126,076.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of QADA opened at $42.33 on Friday. QAD Inc. has a 1-year low of $38.32 and a 1-year high of $61.80. The firm has a market capitalization of $831.23 million, a PE ratio of 83.00 and a beta of 1.12. The company’s 50-day moving average is $42.48. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.18.
QAD (NASDAQ:QADA) last announced its quarterly earnings results on Wednesday, May 29th. The software maker reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. QAD had a net margin of 1.78% and a return on equity of 4.81%. The business had revenue of $78.00 million during the quarter, compared to analysts’ expectations of $78.25 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts forecast that QAD Inc. will post -0.26 earnings per share for the current year.
A number of equities analysts have commented on the stock. TheStreet downgraded shares of Virtusa from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, B. Riley set a $55.00 target price on shares of QAD and gave the stock a “buy” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $53.33.
Several institutional investors and hedge funds have recently made changes to their positions in QADA. Nantahala Capital Management LLC increased its position in shares of QAD by 21.1% during the fourth quarter. Nantahala Capital Management LLC now owns 1,008,709 shares of the software maker’s stock valued at $39,672,000 after acquiring an additional 175,782 shares during the last quarter. AltraVue Capital LLC acquired a new stake in shares of QAD during the first quarter valued at about $6,001,000. Cortina Asset Management LLC acquired a new stake in shares of QAD during the second quarter valued at about $4,763,000. Assenagon Asset Management S.A. acquired a new position in shares of QAD in the first quarter valued at approximately $3,325,000. Finally, Roubaix Capital LLC acquired a new position in shares of QAD in the first quarter valued at approximately $2,283,000. Institutional investors and hedge funds own 46.09% of the company’s stock.
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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