QADA has been the topic of several other research reports. Zacks Investment Research upgraded QAD from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, August 13th. William Blair reiterated an “outperform” rating on shares of QAD in a research note on Wednesday, August 28th. ValuEngine upgraded QAD from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 16th. Finally, B. Riley set a $55.00 price objective on QAD and gave the company a “buy” rating in a research note on Friday, August 16th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. QAD presently has an average rating of “Buy” and a consensus price target of $50.33.
Shares of NASDAQ QADA traded up $0.22 during trading on Friday, reaching $45.67. The company had a trading volume of 25,575 shares, compared to its average volume of 67,125. The stock has a market capitalization of $932.41 million, a PE ratio of 89.55 and a beta of 1.07. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. QAD has a twelve month low of $35.00 and a twelve month high of $49.65. The stock has a 50-day moving average price of $42.97 and a two-hundred day moving average price of $43.23.
QAD (NASDAQ:QADA) last announced its quarterly earnings data on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.21. QAD had a positive return on equity of 2.27% and a negative net margin of 2.70%. The business had revenue of $76.38 million during the quarter, compared to the consensus estimate of $77.89 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, sell-side analysts predict that QAD will post -0.47 EPS for the current year.
In other news, President Pamela M. Lopker sold 2,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.18, for a total transaction of $92,360.00. Following the completion of the sale, the president now owns 4,361,095 shares in the company, valued at approximately $201,395,367.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Pamela M. Lopker sold 5,000 shares of the stock in a transaction 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 sale, the president now owns 4,456,095 shares of the company’s stock, valued at approximately $194,196,620.10. The disclosure for this sale can be found here. Insiders sold a total of 60,995 shares of company stock valued at $2,655,891 over the last three months. Corporate insiders own 51.83% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP lifted its holdings in shares of QAD by 150.5% in the second quarter. Susquehanna International Group LLP now owns 6,006 shares of the software maker’s stock valued at $242,000 after purchasing an additional 17,906 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of QAD in the second quarter worth $2,072,000. AQR Capital Management LLC increased its stake in shares of QAD by 25.8% in the second quarter. AQR Capital Management LLC now owns 19,107 shares of the software maker’s stock worth $768,000 after acquiring an additional 3,923 shares during the last quarter. Bank of America Corp DE increased its stake in shares of QAD by 8.5% in the second quarter. Bank of America Corp DE now owns 38,166 shares of the software maker’s stock worth $1,535,000 after acquiring an additional 2,983 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of QAD in the second quarter worth $312,000. Institutional investors own 43.81% 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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