First Analysis restated their weight rating on shares of Qualys (NASDAQ:QLYS) in a research report released on Friday. They currently have a $80.00 price target on the software maker’s stock, up from their previous price target of $70.00.
Several other equities analysts have also issued reports on QLYS. Northland Securities set a $70.00 target price on shares of Qualys and gave the company a buy rating in a report on Tuesday, February 13th. Needham & Company LLC boosted their target price on shares of Qualys from $70.00 to $80.00 and gave the company a buy rating in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of Qualys from a hold rating to a strong-buy rating and set a $78.00 target price on the stock in a report on Friday, February 16th. Wells Fargo & Co set a $62.00 price objective on shares of Qualys and gave the company a hold rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus reiterated a hold rating and set a $67.00 price objective on shares of Qualys in a report on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $68.54.
Qualys (NASDAQ QLYS) traded up $2.05 during mid-day trading on Friday, reaching $75.20. 314,439 shares of the company traded hands, compared to its average volume of 313,762. The firm has a market capitalization of $2,773.81, a price-to-earnings ratio of 73.73, a price-to-earnings-growth ratio of 5.00 and a beta of 1.02. Qualys has a 1-year low of $33.75 and a 1-year high of $75.50.
Qualys (NASDAQ:QLYS) last released its earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The business had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. Qualys had a net margin of 17.52% and a return on equity of 16.69%. Qualys’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. equities research analysts anticipate that Qualys will post 0.86 EPS for the current year.
Qualys declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
In other news, VP Amer Deeba sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $58.40, for a total transaction of $116,800.00. Following the completion of the sale, the vice president now directly owns 66,644 shares of the company’s stock, valued at $3,892,009.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Philippe F. Courtot sold 40,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $60.97, for a total transaction of $2,438,800.00. Following the sale, the chairman now directly owns 5,564,435 shares of the company’s stock, valued at $339,263,601.95. The disclosure for this sale can be found here. Insiders have sold 189,280 shares of company stock worth $11,709,756 in the last quarter. Company insiders own 20.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in shares of Qualys during the third quarter worth about $101,000. Advisory Services Network LLC bought a new stake in shares of Qualys during the fourth quarter worth about $118,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Qualys by 125.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,516 shares of the software maker’s stock worth $150,000 after acquiring an additional 1,400 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Qualys during the fourth quarter worth about $154,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Qualys by 17.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after acquiring an additional 408 shares in the last quarter. 75.03% of the stock is owned by institutional investors.
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Qualys Company Profile
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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