Bessemer Group Inc. Increases Stake in QAD Inc. (NASDAQ:QADA)

Bessemer Group Inc. lifted its stake in QAD Inc. (NASDAQ:QADA) by 3.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,000 shares of the software maker’s stock after buying an additional 1,100 shares during the quarter. Bessemer Group Inc. owned approximately 0.19% of QAD worth $1,488,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in QAD in the first quarter worth $41,000. Legal & General Group Plc increased its position in QAD by 32.9% in the fourth quarter. Legal & General Group Plc now owns 1,947 shares of the software maker’s stock worth $76,000 after purchasing an additional 482 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in QAD by 21,650.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,175 shares of the software maker’s stock worth $94,000 after purchasing an additional 2,165 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in QAD by 383.0% in 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, Squarepoint Ops LLC increased its position in QAD by 56.2% in the fourth quarter. Squarepoint Ops LLC now owns 11,874 shares of the software maker’s stock worth $467,000 after purchasing an additional 4,274 shares during the last quarter. 47.14% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on QADA shares. TheStreet cut shares of QAD from a “b-” rating to a “c” rating in a research report on Wednesday, May 29th. BidaskClub cut shares of QAD from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine upgraded shares of QAD from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.33.

In related news, President Pamela M. Lopker sold 683 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $42.32, for a total value of $28,904.56. Following the completion of the sale, the president now directly owns 4,467,095 shares of the company’s stock, valued at $189,047,460.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Pamela M. Lopker sold 5,217 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $42.73, for a total transaction of $222,922.41. Following the completion of the sale, the president now directly owns 4,472,878 shares of the company’s stock, valued at $191,126,076.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,117 shares of company stock valued at $1,331,692. 51.83% of the stock is owned by insiders.

QADA stock traded up $0.52 during mid-day trading on Friday, reaching $37.39. 127,500 shares of the stock traded hands, compared to its average volume of 41,362. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 1.47. QAD Inc. has a one year low of $36.49 and a one year high of $61.80. The stock has a market capitalization of $724.02 million, a PE ratio of 73.31 and a beta of 1.09. The business has a 50-day moving average price of $41.55 and a two-hundred day moving average price of $43.63.

QAD (NASDAQ:QADA) last posted its quarterly earnings data on Wednesday, May 29th. The software maker reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.10. The business had revenue of $78.00 million for the quarter, compared to analysts’ expectations of $78.25 million. QAD had a net margin of 1.78% and a return on equity of 4.81%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, equities analysts expect that QAD Inc. will post -0.26 earnings per share for the current fiscal year.

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.

Featured Article: How do candlesticks reflect price movement?

Institutional Ownership by Quarter for QAD (NASDAQ:QADA)

Receive News & Ratings for QAD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD and related companies with MarketBeat.com's FREE daily email newsletter.