QAD Inc. (NASDAQ:QADA) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 219,900 shares, an increase of 11.6% from the August 15th total of 197,100 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 64,500 shares, the short-interest ratio is presently 3.4 days.
QADA has been the topic of several recent analyst reports. B. Riley set a $55.00 target price on shares of QAD and gave the stock a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, August 13th. BidaskClub raised shares of QAD from a “buy” rating to a “strong-buy” rating in a report on Friday, September 27th. William Blair reiterated an “outperform” rating on shares of QAD in a research note on Wednesday, August 28th. Finally, ValuEngine lowered shares of QAD from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $50.33.
Shares of NASDAQ QADA traded up $0.22 during mid-day trading on Friday, reaching $45.67. 25,575 shares of the company were exchanged, compared to its average volume of 67,125. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $932.41 million, a PE ratio of 89.55 and a beta of 1.07. The company’s 50 day moving average price is $42.97 and its 200 day moving average price is $43.23. QAD has a 52 week low of $35.00 and a 52 week high of $49.65.
QAD (NASDAQ:QADA) last issued its quarterly earnings data on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $76.38 million during the quarter, compared to the consensus estimate of $77.89 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, sell-side analysts predict that QAD will post -0.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 18th were issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Tuesday, September 17th. QAD’s dividend payout ratio (DPR) is presently 56.86%.
In other news, President Pamela M. Lopker sold 1,217 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $40.16, for a total value of $48,874.72. Following the completion of the sale, the president now directly owns 4,438,878 shares in the company, valued at approximately $178,265,340.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Pamela M. Lopker sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $42.53, for a total transaction of $127,590.00. Following the completion of the transaction, the president now directly owns 4,467,095 shares in the company, valued at approximately $189,985,550.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,995 shares of company stock valued at $2,655,891. 51.83% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in QADA. Cortina Asset Management LLC purchased a new stake in QAD in the second quarter worth about $4,763,000. AltraVue Capital LLC grew 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 buying an additional 115,911 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of QAD during the second quarter valued at approximately $2,072,000. Dupont Capital Management Corp purchased a new stake in shares of QAD during the second quarter valued at approximately $808,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of QAD by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 388,200 shares of the software maker’s stock valued at $15,268,000 after buying an additional 19,737 shares during the last quarter. Institutional investors and hedge funds 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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