Synovus Financial Corp Acquires 21,760 Shares of Qualys, Inc. $QLYS

Key Points

• Synovus Financial Corp increased its stake in Qualys, Inc. by 128.7% during the first quarter, acquiring an additional 21,760 shares, bringing its total holdings to 38,662 shares valued at approximately $4.87 million.
• Qualys reported a quarterly EPS of $1.68, surpassing analysts' expectations of $1.47, with a year-over-year revenue increase of 10.3%.
• Following recent earnings, various analysts have upgraded their ratings on Qualys, with price targets raised to between $150 and $155, indicating a generally positive outlook.

Synovus Financial Corp boosted its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 128.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,662 shares of the software maker's stock after acquiring an additional 21,760 shares during the period. Synovus Financial Corp owned about 0.11% of Qualys worth $4,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its holdings in Qualys by 82.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock worth $46,000 after acquiring an additional 167 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Qualys in the 4th quarter valued at approximately $54,000. Manchester Capital Management LLC raised its position in shares of 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 purchasing an additional 150 shares during the last quarter. Fifth Third Bancorp raised its position in shares of 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 purchasing an additional 109 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Qualys by 96.4% in the 1st quarter. Signaturefd LLC now owns 601 shares of the software maker's stock valued at $76,000 after purchasing an additional 295 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Qualys Stock Up 3.0%

Shares of QLYS opened at $134.54 on Monday. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $170.00. The firm's fifty day moving average is $137.46 and its two-hundred day moving average is $133.39. The stock has a market cap of $4.86 billion, a PE ratio of 26.85 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, topping the consensus estimate of $1.47 by $0.21. Qualys had a return on equity of 37.19% and a net margin of 29.04%.The business had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. During the same quarter in the previous year, the firm earned $1.52 EPS. 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. As a group, research analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on QLYS shares. Wall Street Zen raised shares of Qualys from a "hold" rating to a "buy" rating in a research report on Sunday, August 17th. Wedbush raised their price target on shares of Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. UBS Group raised 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. Morgan Stanley raised their price target on shares of Qualys from $90.00 to $97.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Finally, Zacks Research raised shares of Qualys to a "strong-buy" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $141.00.

Insider Transactions at Qualys

In related news, Director John A. Zangardi sold 1,287 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $132.03, for a total value of $169,922.61. Following the sale, the director directly owned 11,034 shares in the company, valued at approximately $1,456,819.02. The trade was a 10.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wendy Pfeiffer sold 200 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $129.72, for a total transaction of $25,944.00. Following the sale, the director owned 11,082 shares in the company, valued at $1,437,557.04. This trade represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,060 shares of company stock worth $7,247,888 in the last 90 days. Insiders own 1.00% of the company's stock.

Qualys Profile

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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