QAD Inc. (NASDAQ:QADA) Stock Holdings Lifted by Swiss National Bank
Swiss National Bank raised its position in QAD Inc. (NASDAQ:QADA) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,800 shares of the software maker’s stock after purchasing an additional 500 shares during the quarter. Swiss National Bank owned approximately 0.10% of QAD worth $796,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of QADA. Aperio Group LLC bought a new stake in shares of QAD during the 2nd quarter worth about $74,000. AltraVue Capital LLC boosted its stake in shares of QAD by 83.2% during the 2nd quarter. AltraVue Capital LLC now owns 255,248 shares of the software maker’s stock worth $10,263,000 after acquiring an additional 115,911 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of QAD during the 2nd quarter worth about $808,000. SG Americas Securities LLC bought a new stake in shares of QAD during the 2nd quarter worth about $108,000. Finally, Strs Ohio boosted its stake in shares of QAD by 18.5% during the 2nd quarter. Strs Ohio now owns 16,000 shares of the software maker’s stock worth $643,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 45.40% of the company’s stock.
Shares of NASDAQ QADA traded down $0.18 during trading hours on Friday, hitting $42.44. 1,590 shares of the company’s stock were exchanged, compared to its average volume of 84,425. QAD Inc. has a 1-year low of $35.00 and a 1-year high of $60.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 1.47. The stock has a market capitalization of $812.19 million, a price-to-earnings ratio of 83.22 and a beta of 1.09. The company’s 50-day moving average price is $40.21 and its 200-day moving average price is $43.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 18th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.29 annualized dividend and a dividend yield of 0.68%. QAD’s dividend payout ratio is presently 56.86%.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded QAD from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Tuesday, August 13th. ValuEngine upgraded QAD from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. TheStreet downgraded QAD from a “b-” rating to a “c” rating in a research note on Wednesday, May 29th. William Blair reiterated an “outperform” rating on shares of QAD in a research note on Wednesday, August 28th. Finally, B. Riley set a $55.00 price target on QAD and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.33.
In other QAD news, President Pamela M. Lopker sold 683 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $42.32, for a total value of $28,904.56. Following the completion of the transaction, the president now owns 4,467,095 shares of the company’s stock, valued at approximately $189,047,460.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Pamela M. Lopker sold 778 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $42.00, for a total value of $32,676.00. Following the completion of the transaction, the president now directly owns 4,422,095 shares of the company’s stock, valued at approximately $185,727,990. The disclosure for this sale can be found here. Insiders have sold a total of 38,895 shares of company stock valued at $1,649,988 in the last three months. 51.83% of the stock is owned by insiders.
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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