Pamela M. Lopker Sells 2,256 Shares of QAD Inc. (QADA) Stock

QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 2,256 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $42.06, for a total transaction of $94,887.36. Following the sale, the president now directly owns 4,578,839 shares in the company, valued at approximately $192,585,968.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of QAD stock traded down $0.17 during trading on Monday, hitting $42.01. The stock had a trading volume of 4,071 shares, compared to its average volume of 37,872. The stock has a market cap of $824.66 million, a P/E ratio of -89.38 and a beta of 1.24. QAD Inc. has a 12 month low of $38.39 and a 12 month high of $61.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.61 and a current ratio of 1.61.

QAD (NASDAQ:QADA) last released its quarterly earnings results on Tuesday, November 20th. The software maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $79.58 million for the quarter, compared to analysts’ expectations of $81.12 million. QAD had a net margin of 0.10% and a return on equity of 0.08%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Sell-side analysts predict that QAD Inc. will post 0.17 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of QAD in the fourth quarter worth $48,000. Victory Capital Management Inc. increased its holdings in shares of QAD by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,137 shares of the software maker’s stock worth $123,000 after purchasing an additional 411 shares during the period. Virginia Retirement Systems ET AL bought a new position in shares of QAD in the third quarter worth $329,000. ETRADE Capital Management LLC increased its holdings in shares of QAD by 25.4% in the fourth quarter. ETRADE Capital Management LLC now owns 8,439 shares of the software maker’s stock worth $332,000 after purchasing an additional 1,712 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in QAD in the third quarter worth $365,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

QADA has been the topic of a number of analyst reports. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. B. Riley set a $62.00 target price on shares of QAD and gave the company a “buy” rating in a report on Wednesday, November 21st. Stifel Nicolaus lowered their target price on shares of QAD from $61.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. BidaskClub raised shares of QAD from a “strong sell” rating to a “sell” rating in a report on Friday, January 25th. Finally, ValuEngine cut shares of QAD from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.25.

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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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