Northern Trust Corp cut its position in shares of QAD Inc. (NASDAQ:QADA) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,598 shares of the software maker’s stock after selling 2,353 shares during the quarter. Northern Trust Corp owned 0.67% of QAD worth $5,136,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of QADA. BlackRock Inc. lifted its stake in QAD by 7.1% during the fourth quarter. BlackRock Inc. now owns 792,150 shares of the software maker’s stock valued at $31,157,000 after buying an additional 52,797 shares in the last quarter. Marshall Wace LLP purchased a new stake in QAD during the third quarter valued at about $2,392,000. Dimensional Fund Advisors LP lifted its stake in QAD by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 368,463 shares of the software maker’s stock valued at $20,873,000 after buying an additional 24,288 shares in the last quarter. Algert Global LLC lifted its stake in QAD by 193.8% during the fourth quarter. Algert Global LLC now owns 14,106 shares of the software maker’s stock valued at $555,000 after buying an additional 9,305 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in QAD by 16.7% during the fourth quarter. Martingale Asset Management L P now owns 58,707 shares of the software maker’s stock valued at $2,310,000 after buying an additional 8,402 shares in the last quarter. 44.68% of the stock is owned by institutional investors.
QADA has been the subject of a number of research analyst reports. B. Riley set a $55.00 price target on shares of QAD and gave the stock a “buy” rating in a research report on Thursday, March 21st. BidaskClub raised shares of QAD from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. TheStreet raised shares of QAD from a “c” rating to a “b-” rating in a research report on Thursday, March 21st. ValuEngine lowered shares of QAD from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Saturday, March 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $52.33.
QAD (NASDAQ:QADA) last issued its quarterly earnings data on Wednesday, March 20th. The software maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.27. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $81.64 million. QAD had a net margin of 3.13% and a return on equity of 8.46%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.28) earnings per share. Analysts predict that QAD Inc. will post -0.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 0.64%. The ex-dividend date is Monday, April 22nd. QAD’s payout ratio is presently 56.86%.
In related news, President Pamela M. Lopker sold 1,058 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $41.80, for a total transaction of $44,224.40. Following the transaction, the president now owns 4,596,037 shares of the company’s stock, valued at $192,114,346.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Pamela M. Lopker sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $42.34, for a total transaction of $211,700.00. Following the transaction, the president now directly owns 4,587,095 shares in the company, valued at approximately $194,217,602.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,546 shares of company stock worth $3,281,141. Insiders own 43.70% 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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