QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $41.00, for a total transaction of $41,000.00. Following the sale, the president now directly owns 4,808,095 shares of the company’s stock, valued at approximately $197,131,895. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of QADA opened at $41.09 on Monday. QAD Inc. has a 1 year low of $38.39 and a 1 year high of $61.80. The firm has a market cap of $793.44 million, a PE ratio of -87.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 1.61.
QAD (NASDAQ:QADA) last announced its quarterly earnings results on Tuesday, November 20th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. QAD had a net margin of 0.10% and a return on equity of 0.08%. The company had revenue of $79.58 million during the quarter, compared to the consensus estimate of $81.12 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts anticipate that QAD Inc. will post 0.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 8th. Stockholders of record on Wednesday, December 26th were issued a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Monday, December 24th. QAD’s dividend payout ratio (DPR) is -61.70%.
Several institutional investors and hedge funds have recently made changes to their positions in QADA. Virginia Retirement Systems ET AL bought a new stake in shares of QAD during the third quarter valued at about $329,000. Mackenzie Financial Corp bought a new stake in shares of QAD during the third quarter valued at about $365,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of QAD during the third quarter valued at about $386,000. MetLife Investment Advisors LLC raised its stake in shares of QAD by 57.7% during the third quarter. MetLife Investment Advisors LLC now owns 7,567 shares of the software maker’s stock valued at $429,000 after purchasing an additional 2,769 shares in the last quarter. Finally, Bahl & Gaynor Inc. bought a new stake in shares of QAD during the third quarter valued at about $865,000. 45.16% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on QADA. Zacks Investment Research downgraded shares of QAD from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. B. Riley set a $62.00 price target on shares of QAD and gave the stock a “buy” rating in a research report on Wednesday, November 21st. BidaskClub downgraded shares of QAD from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Stifel Nicolaus reduced their price target on shares of QAD from $61.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $53.25.
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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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