QAD(NASDAQ:QADA) Declares Dividend of $0.0720.

QAD (NASDAQ:QADA) had declared a cash dividend of $0.0720 on Apr 13, 2016. The shares will quote ex-dividend on Apr 22, 2016 and the record date has been fixed on Apr 26, 2016. At Apr 13, 2016 share price, the yield comes out to be 1.3926%. The dividend payable date has been fixed on May 3, 2016.

In a different note, Avondale Partners said it Initiates Coverage on QAD, according to a research note issued on Mar 28, 2016. The shares have been rated ‘Market Outperform’ by the firm.

QAD (QADA) made into the market gainers list on Fridays trading session with the shares advancing 1.07% or 0.22 points. Due to strong positive momentum, the stock ended at $20.86, which is also near the day’s high of $20.95. The stock began the session at $20.53 and the volume stood at 17,853 shares. The 52-week high of the shares is $28.71 and the 52 week low is $17.11. The company has a current market capitalization of $392 M and it has 1,87,69,964 shares in outstanding.

QAD(QADA) last announced its earnings results on Mar 10, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $69.26M. Analysts had an estimated revenue of $70.51M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2015, Daniel Lender (EVP & CFO) sold 14,967 shares at $25.45 per share price.Also, On Sep 2, 2015, Anton Chilton (EVP, Global Services) sold 7,549 shares at $22.41 per share price.On Jul 16, 2015, Karl F Lopker (CEO) purchased 260,463 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

QAD Inc. is a global provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive life sciences consumer products food and beverage high technology and industrial products industries. QAD Enterprise Applications supports operational requirements including financials manufacturing demand and supply chain planning customer management business intelligence and business process management. The Company monitors emerging business requirements and practices as well as regulatory changes. QAD delivers components of its solution for a range of mobile platforms. The Company’s mobile suite includes a requisition approval solution a mobile business intelligence solution mobile browse capability and mobile application monitoring tools to support system administrators. Its mobile browse capability allows users to view filter and sort data accessible through QAD Browses within QAD Enterprise Applications using mobile devices.

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