QAD Inc. (NASDAQ:QADA) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $38.05 and last traded at $38.18, with a volume of 2028 shares changing hands. The stock had previously closed at $38.84.

Several research firms have issued reports on QADA. ValuEngine raised shares of QAD from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. BidaskClub cut shares of QAD from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet cut shares of QAD from a “b-” rating to a “c” rating in a research report on Wednesday, May 29th. Finally, Zacks Investment Research upgraded shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. QAD has an average rating of “Buy” and a consensus price target of $50.33.

The company has a market cap of $756.02 million, a price-to-earnings ratio of 75.49 and a beta of 1.09. The company’s 50-day moving average price is $41.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 1.47.

QAD (NASDAQ:QADA) last announced its quarterly earnings results on Wednesday, May 29th. The software maker reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. QAD had a net margin of 1.78% and a return on equity of 4.81%. The business had revenue of $78.00 million during the quarter, compared to analysts’ expectations of $78.25 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts anticipate that QAD Inc. will post -0.26 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Wednesday, July 10th were paid a $0.072 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $0.29 dividend on an annualized basis and a yield of 0.75%. QAD’s dividend payout ratio is currently 56.86%.

In other news, Director Leslie Stretch sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $42.19, for a total transaction of $168,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Pamela M. Lopker sold 1,217 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $40.16, for a total transaction of $48,874.72. Following the sale, the president now owns 4,438,878 shares of the company’s stock, valued at approximately $178,265,340.48. The disclosure for this sale can be found here. Insiders sold 31,117 shares of company stock valued at $1,331,692 in the last quarter. 51.83% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of QAD during the 2nd quarter worth approximately $38,000. Marshall Wace North America L.P. acquired a new position in QAD in the 1st quarter valued at $41,000. Aperio Group LLC acquired a new position in QAD in the 2nd quarter valued at $74,000. Legal & General Group Plc increased its stake in QAD by 32.9% in the 4th quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock valued at $76,000 after buying an additional 482 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in QAD by 21,650.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,175 shares of the software maker’s stock valued at $94,000 after buying an additional 2,165 shares during the period. Institutional investors and hedge funds own 47.14% of the company’s stock.

QAD Company Profile (NASDAQ:QADA)

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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