Raymond James Financial Inc. Has $3.56 Million Stock Holdings in Qualys, Inc. $QLYS

Key Points

• Raymond James Financial Inc. significantly reduced its stake in Qualys, Inc. by 75.1%, selling 85,398 shares and now owning 28,260 shares valued at approximately $3.56 million.
• Qualys reported a 10.3% increase in revenue year-over-year, with earnings per share of $1.68, exceeding analysts' estimate of $1.47.
• Research analysts have issued mixed ratings for Qualys, with a consensus target price of $141.00, reflecting a balance of strong buy, buy, hold, and sell recommendations.

Raymond James Financial Inc. decreased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 75.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,260 shares of the software maker's stock after selling 85,398 shares during the quarter. Raymond James Financial Inc. owned about 0.08% of Qualys worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its position in shares of Qualys by 82.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock worth $46,000 after purchasing an additional 167 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Qualys by 52.4% during 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 shares of Qualys by 27.9% during 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. Signaturefd LLC grew its position in shares of Qualys by 96.4% during the 1st quarter. Signaturefd LLC now owns 601 shares of the software maker's stock valued at $76,000 after buying an additional 295 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Qualys by 246.3% during the 1st quarter. GAMMA Investing LLC now owns 973 shares of the software maker's stock valued at $123,000 after buying an additional 692 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company's stock.

Qualys Trading Up 3.1%

NASDAQ:QLYS traded up $4.12 during mid-day trading on Thursday, hitting $135.65. The company's stock had a trading volume of 246,417 shares, compared to its average volume of 280,472. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 27.08 and a beta of 0.65. The stock has a fifty day moving average of $135.53 and a 200-day moving average of $132.93.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $161.25 million. During the same quarter in the prior year, the business posted $1.52 earnings per share. The company's quarterly revenue was up 10.3% compared to the same quarter last year. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. On average, equities analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on QLYS. Scotiabank raised their price target on shares of Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 6th. Zacks Research upgraded shares of Qualys to a "strong-buy" rating in a research report on Monday, August 11th. DA Davidson lifted their price target on shares of Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. UBS Group lifted their price target on shares of Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley boosted their target price on shares of Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Qualys currently has an average rating of "Hold" and a consensus price target of $141.00.

Insider Activity

In other news, Director Kristi Marie Rogers sold 1,700 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $134.70, for a total transaction of $228,990.00. Following the sale, the director directly owned 8,596 shares of the company's stock, valued at $1,157,881.20. This represents a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumedh S. Thakar sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $149.25, for a total transaction of $1,791,000.00. Following the completion of the transaction, the chief executive officer directly owned 217,962 shares in the company, valued at approximately $32,530,828.50. The trade was a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,222 shares of company stock worth $7,252,957. 0.88% of the stock is currently owned by insiders.

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.