Qualys (NASDAQ:QLYS)‘s stock had its “outperform” rating reaffirmed by investment analysts at Imperial Capital in a research note issued to investors on Thursday, MarketBeat reports. They presently have a $83.00 price target on the software maker’s stock, up from their prior price target of $62.00. Imperial Capital’s price objective suggests a potential upside of 13.47% from the stock’s previous close.
Several other research firms have also issued reports on QLYS. BidaskClub lowered Qualys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada raised their price target on Qualys to $65.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lowered Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Saturday, November 4th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $60.00 price target on shares of Qualys in a research report on Friday, November 3rd. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Qualys currently has a consensus rating of “Buy” and an average target price of $68.54.
Qualys (NASDAQ QLYS) traded up $1.00 during midday trading on Thursday, hitting $73.15. The stock had a trading volume of 233,400 shares, compared to its average volume of 253,107. The firm has a market cap of $2,735.89, a PE ratio of 71.72, a P/E/G ratio of 4.93 and a beta of 1.02. Qualys has a one year low of $33.75 and a one year high of $74.10.
Qualys (NASDAQ:QLYS) last released its earnings results on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The company had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $61.96 million. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. equities analysts predict that Qualys will post 0.86 earnings per share for the current year.
Qualys announced that its Board of Directors has approved a share repurchase plan on Monday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director Kristi Marie Rogers sold 10,000 shares of Qualys stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $71.87, for a total value of $718,700.00. Following the sale, the director now owns 21,155 shares of the company’s stock, valued at $1,520,409.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $58.40, for a total value of $116,800.00. Following the completion of the sale, the vice president now directly owns 66,644 shares in the company, valued at approximately $3,892,009.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,280 shares of company stock worth $11,709,756. Corporate insiders own 20.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. increased its position 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 valued at $112,000 after acquiring an additional 408 shares during the last quarter. Stanley Laman Group Ltd. increased its position in shares of Qualys by 0.6% in the fourth quarter. Stanley Laman Group Ltd. now owns 148,549 shares of the software maker’s stock valued at $8,816,000 after acquiring an additional 866 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Qualys by 7.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the software maker’s stock valued at $813,000 after acquiring an additional 900 shares during the last quarter. Sawgrass Asset Management LLC increased its position in Qualys by 20.7% during the fourth quarter. Sawgrass Asset Management LLC now owns 6,315 shares of the software maker’s stock worth $375,000 after buying an additional 1,085 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in Qualys by 32.5% during the third quarter. LS Investment Advisors LLC now owns 4,471 shares of the software maker’s stock worth $232,000 after buying an additional 1,096 shares during the last quarter. 75.03% of the stock is currently owned by institutional investors and hedge funds.
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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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