ValuEngine lowered shares of QAD (NASDAQ:QADA) from a strong-buy rating to a buy rating in a research note published on Monday, February 4th.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded QAD from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research note on Friday, November 30th. Stifel Nicolaus reduced their price objective on QAD from $61.00 to $52.00 and set a buy rating on the stock in a research note on Wednesday, November 21st. B. Riley set a $62.00 price objective on QAD and gave the company a buy rating in a research note on Wednesday, November 21st. Finally, BidaskClub upgraded QAD from a strong sell rating to a sell rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. QAD presently has a consensus rating of Buy and an average target price of $53.25.
Shares of NASDAQ QADA opened at $46.30 on Monday. The firm has a market capitalization of $860.36 million, a PE ratio of -98.51 and a beta of 1.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.61 and a current ratio of 1.61. QAD has a 12-month low of $38.39 and a 12-month high of $61.80.
In other QAD news, President Pamela M. Lopker sold 4,000 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $41.12, for a total value of $164,480.00. Following the sale, the president now directly owns 5,012,095 shares in the company, valued at $206,097,346.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Pamela M. Lopker sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $40.28, for a total value of $201,400.00. Following the completion of the sale, the president now owns 5,000,095 shares in the company, valued at $201,403,826.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,556 shares of company stock worth $3,003,081. 43.70% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC acquired a new stake in QAD in the fourth quarter valued at $48,000. Legal & General Group Plc raised its stake in QAD by 32.9% in the fourth 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 in the last quarter. Victory Capital Management Inc. grew its holdings in shares of QAD by 15.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,137 shares of the software maker’s stock worth $123,000 after purchasing an additional 411 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of QAD by 383.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,492 shares of the software maker’s stock worth $137,000 after purchasing an additional 2,769 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of QAD during the third quarter worth about $329,000. Institutional investors own 44.71% of the company’s stock.
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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