QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $43.58, for a total value of $217,900.00. Following the completion of the transaction, the president now directly owns 4,456,095 shares in the company, valued at $194,196,620.10. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of QADA opened at $42.01 on Friday. The stock has a market cap of $834.77 million, a price-to-earnings ratio of 82.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. The company’s fifty day moving average is $41.81. QAD Inc. has a 1-year low of $38.32 and a 1-year high of $61.80.
QAD (NASDAQ:QADA) last announced its 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. The business had revenue of $78.00 million during the quarter, compared to analyst estimates of $78.25 million. QAD had a net margin of 1.78% and a return on equity of 4.81%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Research analysts expect that QAD Inc. will post -0.26 earnings per share for the current fiscal year.
A number of brokerages have weighed in on QADA. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. TheStreet lowered shares of Virtusa from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.33.
Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. purchased a new stake in shares of QAD in the 1st quarter worth $41,000. Legal & General Group Plc increased its stake in shares of QAD by 32.9% in 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 in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of QAD by 21,650.0% in 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 in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of QAD by 383.0% in 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 in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of QAD by 56.2% in 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 in the last quarter. Institutional investors and hedge funds own 46.69% 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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