QAD Inc. (NASDAQ:QADA) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 149,700 shares, a decline of 10.9% from the May 30th total of 168,000 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 63,100 shares, the short-interest ratio is presently 2.4 days.
QAD stock traded up $0.11 during trading on Friday, reaching $42.33. 33,769 shares of the company’s stock were exchanged, compared to its average volume of 59,046. The business’s 50-day simple moving average is $42.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. QAD has a 52-week low of $38.32 and a 52-week high of $61.80. The company has a market cap of $829.07 million, a price-to-earnings ratio of 83.00 and a beta of 1.12.
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, topping 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 firm had revenue of $78.00 million during the quarter, compared to analysts’ expectations of $78.25 million. During the same period in the prior year, the company earned $0.06 EPS. The firm’s revenue was down 9.5% on a year-over-year basis. As a group, research analysts anticipate that QAD will post -0.26 EPS for the current fiscal year.
QADA has been the subject of several research reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. 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 cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. TheStreet cut shares of Virtusa from a “b-” rating to a “c+” rating in a research report on Wednesday, May 29th. Finally, B. Riley set a $55.00 price target on shares of QAD and gave the stock a “buy” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $53.33.
In other news, President Pamela M. Lopker sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $47.00, for a total transaction of $47,000.00. Following the completion of the sale, the president now directly owns 4,489,095 shares of the company’s stock, valued at approximately $210,987,465. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie Stretch sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $42.19, for a total transaction of $168,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,217 shares of company stock valued at $1,882,852 over the last three months. Corporate insiders own 51.83% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new stake in QAD during the 1st quarter worth $41,000. Legal & General Group Plc boosted its position in 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 during the period. BNP Paribas Arbitrage SA boosted its position in QAD by 21,650.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,175 shares of the software maker’s stock worth $94,000 after purchasing an additional 2,165 shares during the period. Metropolitan Life Insurance Co. NY boosted its position 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 worth $137,000 after purchasing an additional 2,769 shares during the period. Finally, Squarepoint Ops LLC boosted its position in QAD by 56.2% during the 4th quarter. Squarepoint Ops LLC now owns 11,874 shares of the software maker’s stock worth $467,000 after purchasing an additional 4,274 shares during the period. 46.09% of the stock is owned by hedge funds and other institutional investors.
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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