Alliance Wealth Advisors LLC UT Decreases Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Alliance Wealth Advisors LLC UT cut its stake in Qualys, Inc. (NASDAQ:QLYS) by 6.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,946 shares of the software maker’s stock after selling 138 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Qualys were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QLYS. UMB Bank n.a. increased its stake in Qualys by 80.8% in the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock valued at $55,000 after purchasing an additional 193 shares in the last quarter. Fifth Third Bancorp grew its holdings in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after purchasing an additional 99 shares during the last quarter. Quarry LP grew its holdings in Qualys by 56.2% in the third quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after purchasing an additional 158 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after buying an additional 223 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in shares of Qualys during the 4th quarter worth $91,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Stock Performance

Shares of QLYS stock opened at $143.43 on Wednesday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 31.59 and a beta of 0.56. Qualys, Inc. has a one year low of $119.17 and a one year high of $184.04. The company has a 50 day moving average price of $143.87 and a 200 day moving average price of $135.59.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same period in the prior year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 882 shares of Qualys stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the transaction, the insider now directly owns 62,295 shares of the company’s stock, valued at $8,700,119.70. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at $33,741,295.98. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,259 shares of company stock valued at $4,578,153. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on QLYS shares. Truist Financial increased their price objective on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price objective on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their price objective on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group increased their target price on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC began coverage on Qualys in a report on Wednesday, November 6th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $152.80.

Qualys Company 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.