Qualys, Inc. (QLYS) Receives Consensus Recommendation of “Hold” from Analysts
Qualys, Inc. (NASDAQ:QLYS) has earned an average recommendation of “Hold” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.30.
A number of brokerages have issued reports on QLYS. Imperial Capital reissued an “outperform” rating and set a $50.00 target price (up previously from $46.00) on shares of Qualys in a report on Wednesday, August 9th. J P Morgan Chase & Co raised shares of Qualys from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $55.00 in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Qualys from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $45.00 target price on shares of Qualys in a report on Monday, July 31st. Finally, Robert W. Baird set a $42.00 target price on shares of Qualys and gave the company a “hold” rating in a report on Sunday, July 30th.
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Qualys (QLYS) traded up 1.38% during trading on Friday, reaching $51.30. The company’s stock had a trading volume of 700,327 shares. The stock’s 50 day moving average is $46.35 and its 200 day moving average is $41.07. Qualys has a 12 month low of $30.61 and a 12 month high of $51.95. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 50.20 and a beta of 0.89.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.10 by $0.08. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The business had revenue of $55.30 million for the quarter, compared to the consensus estimate of $54.87 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. Qualys’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts expect that Qualys will post $0.90 EPS for the current fiscal year.
In other news, insider Sumedh S. Thakar sold 12,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $50.22, for a total value of $602,640.00. Following the transaction, the insider now owns 132,051 shares of the company’s stock, valued at $6,631,601.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sumedh S. Thakar sold 1,800 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $40.67, for a total transaction of $73,206.00. Following the completion of the transaction, the insider now directly owns 138,631 shares in the company, valued at approximately $5,638,122.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,708 shares of company stock worth $3,174,974. Insiders own 30.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Qualys in the second quarter worth $103,000. Ameritas Investment Partners Inc. increased its holdings in shares of Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after purchasing an additional 408 shares during the period. LS Investment Advisors LLC increased its holdings in shares of Qualys by 226.3% in the first quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock worth $129,000 after purchasing an additional 2,360 shares during the period. US Bancorp DE increased its holdings in shares of Qualys by 448.8% in the first quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock worth $142,000 after purchasing an additional 3,061 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Qualys by 131.6% in the first quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after purchasing an additional 2,186 shares during the period. 73.75% of the stock is currently owned by hedge funds and other institutional investors.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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