Qualys, Inc. (QLYS) Rating Reiterated by Stifel Nicolaus
Qualys, Inc. (NASDAQ:QLYS)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a report released on Friday. They presently have a $60.00 price target on the software maker’s stock. Stifel Nicolaus’ target price points to a potential upside of 4.53% from the stock’s current price.
Several other research analysts have also issued reports on QLYS. Imperial Capital restated an “outperform” rating and issued a $50.00 price target (up from $46.00) on shares of Qualys in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $45.00 price objective on shares of Qualys in a research note on Monday, July 31st. Wells Fargo & Company set a $52.00 price objective on Qualys and gave the stock a “hold” rating in a research note on Wednesday. BidaskClub downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co raised Qualys from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $55.00 in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.14.
Qualys (NASDAQ:QLYS) traded up $1.65 during trading hours on Friday, hitting $57.40. The stock had a trading volume of 304,529 shares, compared to its average volume of 328,089. The firm has a market cap of $2,148.13, a P/E ratio of 52.04 and a beta of 0.84.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.10. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The business had revenue of $59.49 million for the quarter, compared to analyst estimates of $58.59 million. During the same period last year, the company earned $0.22 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. equities analysts anticipate that Qualys will post 0.56 EPS for the current fiscal year.
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In other Qualys news, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $45.02, for a total value of $90,040.00. Following the sale, the vice president now owns 79,221 shares of the company’s stock, valued at approximately $3,566,529.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd P. Headley sold 4,714 shares of Qualys stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $45.25, for a total value of $213,308.50. Following the completion of the sale, the director now directly owns 14,410 shares in the company, valued at approximately $652,052.50. The disclosure for this sale can be found here. Insiders sold a total of 49,214 shares of company stock worth $2,365,839 in the last three months. Company insiders own 30.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goodman Financial Corp raised its stake in shares of Qualys by 1.5% in the 3rd quarter. Goodman Financial Corp now owns 175,450 shares of the software maker’s stock valued at $9,088,000 after purchasing an additional 2,655 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Qualys by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 257,407 shares of the software maker’s stock valued at $13,334,000 after acquiring an additional 8,175 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Qualys by 3.8% in the 3rd quarter. Prudential Financial Inc. now owns 52,590 shares of the software maker’s stock valued at $2,724,000 after acquiring an additional 1,920 shares in the last quarter. Syntal Capital Partners LLC bought a new position in shares of Qualys in the 3rd quarter valued at about $791,000. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of Qualys by 1,100.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock valued at $155,000 after acquiring an additional 2,750 shares in the last quarter. 73.47% 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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