Bamco Inc. NY Has $859,000 Holdings in QAD Inc. (QADB)
Bamco Inc. NY cut its position in QAD Inc. (NASDAQ:QADB) by 13.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,000 shares of the software maker’s stock after selling 5,000 shares during the period. Bamco Inc. NY owned 0.17% of QAD worth $859,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of QAD by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 36,919 shares of the software maker’s stock valued at $885,000 after acquiring an additional 186 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of QAD during the 2nd quarter worth about $201,000. Finally, Vanguard Group Inc. raised its position in shares of QAD by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 54,323 shares of the software maker’s stock worth $1,459,000 after acquiring an additional 417 shares in the last quarter. 1.81% of the stock is currently owned by institutional investors.
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Shares of QAD Inc. (QADB) opened at 28.70 on Wednesday. The stock’s market cap is $551.50 million. The company’s 50-day moving average price is $26.72 and its 200 day moving average price is $25.81. QAD Inc. has a 1-year low of $19.25 and a 1-year high of $29.20.
QAD (NASDAQ:QADB) last posted its quarterly earnings data on Thursday, August 24th. The software maker reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). The firm had revenue of $75.96 million during the quarter. QAD had a negative net margin of 5.98% and a negative return on equity of 0.48%. Equities analysts forecast that QAD Inc. will post $0.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 26th were given a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from QAD’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, September 25th. QAD’s payout ratio is presently -25.53%.
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
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