QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 1,000 shares of QAD stock in a transaction on Friday, January 10th. The stock was sold at an average price of $51.34, for a total transaction of $51,340.00. Following the completion of the transaction, the president now owns 4,297,945 shares in the company, valued at approximately $220,656,496.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of QADA stock traded down $0.32 during mid-day trading on Friday, reaching $51.00. The stock had a trading volume of 48,571 shares, compared to its average volume of 73,839. The stock’s 50-day moving average price is $50.11 and its two-hundred day moving average price is $44.89. QAD Inc. has a 52-week low of $35.00 and a 52-week high of $53.89. The firm has a market capitalization of $1.04 billion, a PE ratio of 100.00 and a beta of 1.11. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22.
QAD (NASDAQ:QADA) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10. QAD had a negative net margin of 3.63% and a negative return on equity of 0.01%. The firm had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $78.28 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that QAD Inc. will post -0.45 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in shares of QAD during the second quarter valued at about $38,000. Marshall Wace North America L.P. purchased a new position in shares of QAD during the first quarter valued at about $41,000. Voya Investment Management LLC purchased a new position in shares of QAD during the third quarter valued at about $217,000. Zebra Capital Management LLC purchased a new position in shares of QAD during the third quarter valued at about $235,000. Finally, Susquehanna International Group LLP increased its position in shares of QAD by 150.5% during the second quarter. Susquehanna International Group LLP now owns 6,006 shares of the software maker’s stock valued at $242,000 after buying an additional 17,906 shares during the period. Institutional investors own 44.94% of the company’s stock.
QADA has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of QAD from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Friday. ValuEngine cut shares of QAD from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Sidoti boosted their price objective on shares of QAD from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Stifel Nicolaus boosted their price objective on shares of QAD from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, BidaskClub cut shares of QAD from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $58.75.
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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