Janney Montgomery Scott LLC Lowers Stock Position in Qualys, Inc. $QLYS

Key Points

• Janney Montgomery Scott LLC reduced its stake in Qualys, Inc. by 94.8% during Q2, now holding only 6,001 shares worth approximately $857,000.
• Despite the reduction in holdings by some hedge funds, Qualys reported a strong earnings performance for Q2, with an EPS of $1.68, surpassing estimates and reflecting a 10.3% year-over-year revenue growth.
• Analysts have set varied price targets for Qualys, with Jefferies Financial Group raising its target from $140 to $150, indicating a Mix of "hold" and "buy" ratings among other firms.

Janney Montgomery Scott LLC cut its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 94.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,001 shares of the software maker's stock after selling 108,842 shares during the period. Janney Montgomery Scott LLC's holdings in Qualys were worth $857,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QLYS. SBI Securities Co. Ltd. grew its position in shares of Qualys by 82.7% during the first quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock worth $46,000 after acquiring an additional 167 shares during the last quarter. Manchester Capital Management LLC grew its position in Qualys by 52.4% in the 1st quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock valued at $55,000 after buying an additional 150 shares during the last quarter. Fifth Third Bancorp grew its position in Qualys by 27.9% in the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock valued at $63,000 after buying an additional 109 shares during the last quarter. Parallel Advisors LLC grew its position in Qualys by 82.0% in the 2nd quarter. Parallel Advisors LLC now owns 484 shares of the software maker's stock valued at $69,000 after buying an additional 218 shares during the last quarter. Finally, Quarry LP grew its position in Qualys by 154.9% in the 1st quarter. Quarry LP now owns 576 shares of the software maker's stock valued at $73,000 after buying an additional 350 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Stock Down 0.2%

NASDAQ:QLYS opened at $127.64 on Wednesday. The company has a market capitalization of $4.61 billion, a PE ratio of 25.48 and a beta of 0.62. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $170.00. The stock has a fifty day simple moving average of $132.39 and a 200-day simple moving average of $133.51.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The firm had revenue of $164.06 million during the quarter, compared to the consensus estimate of $161.25 million. During the same quarter in the previous year, the company posted $1.52 EPS. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, equities analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Buying and Selling

In other Qualys news, Director Kristi Marie Rogers sold 1,700 shares of Qualys stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $134.70, for a total value of $228,990.00. Following the completion of the sale, the director owned 8,596 shares in the company, valued at $1,157,881.20. The trade was a 16.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce K. Posey sold 525 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $136.18, for a total value of $71,494.50. Following the sale, the insider owned 57,315 shares of the company's stock, valued at $7,805,156.70. The trade was a 0.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,865 shares of company stock worth $4,092,083 over the last ninety days. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on QLYS shares. Jefferies Financial Group lifted their price objective on shares of Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Morgan Stanley lifted their price objective on shares of Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Qualys from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Wedbush lifted their price objective on shares of Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, UBS Group lifted their price objective on shares of Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $141.00.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.

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