QAD Inc. (NASDAQ:QADA) President Sells $48,840.00 in Stock

QAD Inc. (NASDAQ:QADA) President Pamela M. Lopker sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $48.84, for a total value of $48,840.00. Following the completion of the sale, the president now owns 4,286,095 shares of the company’s stock, valued at approximately $209,332,879.80. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NASDAQ:QADA opened at $48.82 on Monday. The company’s fifty day moving average is $46.14 and its two-hundred day moving average is $43.61. The stock has a market capitalization of $991.01 million, a price-to-earnings ratio of 95.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 1.48. QAD Inc. has a 1-year low of $35.00 and a 1-year high of $49.65.

QAD (NASDAQ:QADA) last posted its quarterly earnings data on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.21. QAD had a negative net margin of 2.70% and a positive return on equity of 2.27%. The company had revenue of $76.38 million during the quarter, compared to analyst estimates of $77.89 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was down 9.7% on a year-over-year basis. Sell-side analysts expect that QAD Inc. will post -0.47 EPS for the current fiscal year.

A number of brokerages have issued reports on QADA. B. Riley set a $55.00 price target on QAD and gave the stock a “buy” rating in a research note on Friday, August 16th. BidaskClub upgraded QAD from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. ValuEngine lowered QAD from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 10th. Zacks Investment Research lowered QAD from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, William Blair restated an “outperform” rating on shares of QAD in a research report on Wednesday, August 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $52.33.

Several hedge funds and other institutional investors have recently bought and sold shares of QADA. Russell Investments Group Ltd. increased its holdings in QAD by 1,275.3% in the third quarter. Russell Investments Group Ltd. now owns 143,146 shares of the software maker’s stock worth $6,610,000 after buying an additional 132,738 shares during the last quarter. Cortina Asset Management LLC bought a new position in shares of QAD during the second quarter valued at $4,763,000. AltraVue Capital LLC lifted its holdings in shares of QAD by 83.2% during the second quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock valued at $10,263,000 after acquiring an additional 115,911 shares during the period. Nuveen Asset Management LLC bought a new position in shares of QAD during the second quarter valued at $2,072,000. Finally, Dupont Capital Management Corp bought a new position in shares of QAD during the second quarter valued at $808,000. 44.67% of the stock is owned by institutional investors and hedge funds.

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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