Shares of Qualys Inc (NASDAQ:QLYS) have been assigned a consensus recommendation of “Buy” from the seventeen brokerages that are currently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong 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 $68.92.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Qualys from a “hold” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a research note on Friday, February 16th. First Analysis reiterated a “weight” rating and set a $80.00 target price (up previously from $70.00) on shares of Qualys in a research note on Friday, February 23rd. Needham & Company LLC reiterated a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Qualys in a research note on Tuesday, March 6th. Northland Securities set a $70.00 target price on Qualys and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, Imperial Capital reiterated an “outperform” rating and set a $83.00 target price (up previously from $62.00) on shares of Qualys in a research note on Thursday, February 22nd.
In other Qualys news, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $60.65, for a total transaction of $121,300.00. Following the transaction, the vice president now owns 66,644 shares in the company, valued at approximately $4,041,958.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kristi Marie Rogers sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $71.87, for a total value of $718,700.00. Following the transaction, the director now owns 21,155 shares in the company, valued at approximately $1,520,409.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,801 shares of company stock worth $3,863,839. Corporate insiders own 20.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. bought a new position in Qualys during the 4th quarter worth $234,000. DF Dent & Co. Inc. bought a new position in Qualys during the 4th quarter worth $7,330,000. MetLife Investment Advisors LLC bought a new position in Qualys during the 4th quarter worth $881,000. Macquarie Group Ltd. increased its stake in Qualys by 600.0% during the 4th quarter. Macquarie Group Ltd. now owns 8,400 shares of the software maker’s stock worth $499,000 after acquiring an additional 7,200 shares during the period. Finally, LPL Financial LLC bought a new position in Qualys during the 4th quarter worth $219,000. Hedge funds and other institutional investors own 79.50% of the company’s stock.
Qualys (NASDAQ QLYS) traded down $0.80 on Friday, hitting $76.30. The stock had a trading volume of 361,409 shares, compared to its average volume of 282,135. Qualys has a 52 week low of $34.55 and a 52 week high of $79.40. The firm has a market capitalization of $2,920.00, a PE ratio of 123.39, a price-to-earnings-growth ratio of 5.28 and a beta of 0.81.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The company had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $61.96 million. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. equities analysts forecast that Qualys will post 0.86 earnings per share for the current year.
Qualys declared that its board has approved a share buyback program 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 programs are often an indication that the company’s board of directors believes its shares are undervalued.
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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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