BidaskClub upgraded shares of Qualys (NASDAQ:QLYS) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday.
Several other equities research analysts also recently commented on QLYS. Northland Securities set a $48.00 price objective on Qualys and gave the company a buy rating in a report on Wednesday, October 18th. Needham & Company LLC initiated coverage on Qualys in a report on Monday, October 23rd. They set a buy rating and a $65.00 price objective for the company. KeyCorp restated a hold rating on shares of Qualys in a report on Friday, October 27th. Robert W. Baird restated a hold rating and set a $61.00 price objective on shares of Qualys in a report on Wednesday, November 1st. Finally, Wells Fargo & Co set a $52.00 price objective on Qualys and gave the company a hold rating in a report on Wednesday, November 1st. 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 to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $64.83.
Shares of Qualys (NASDAQ:QLYS) opened at $72.25 on Thursday. The firm has a market capitalization of $2,739.72, a P/E ratio of 54.73, a price-to-earnings-growth ratio of 5.23 and a beta of 1.02. Qualys has a 1-year low of $33.75 and a 1-year high of $72.95.
Qualys (NASDAQ:QLYS) last issued its earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $62.90 million during the quarter, compared to the consensus estimate of $61.96 million. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. equities analysts expect that Qualys will post 0.86 EPS for the current fiscal year.
Qualys declared that its Board of Directors has initiated a stock buyback 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. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $58.40, for a total transaction of $116,800.00. Following the transaction, the vice president now owns 66,644 shares of the company’s stock, valued at $3,892,009.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bruce K. Posey sold 28,000 shares of Qualys stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $67.51, for a total value of $1,890,280.00. Following the transaction, the vice president now directly owns 60,997 shares in the company, valued at approximately $4,117,907.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,280 shares of company stock worth $16,985,456. 20.90% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. DF Dent & Co. Inc. purchased a new position in shares of Qualys during the fourth quarter valued at approximately $7,330,000. MetLife Investment Advisors LLC purchased a new position in shares of Qualys during the fourth quarter valued at approximately $881,000. Macquarie Group Ltd. boosted its position in shares of Qualys by 600.0% during the fourth quarter. Macquarie Group Ltd. now owns 8,400 shares of the software maker’s stock valued at $499,000 after buying an additional 7,200 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Qualys during the fourth quarter valued at approximately $219,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted 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 valued at $150,000 after buying an additional 1,400 shares during the last quarter. 75.21% of the stock is currently owned by 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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