Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) Target Price at $98.07

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given an average rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $98.07.

Several analysts recently weighed in on the company. Stephens increased their target price on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a report on Wednesday, December 18th. Stifel Nicolaus raised their price objective on shares of Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird reiterated a “neutral” rating and set a $99.00 target price (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Piper Sandler increased their price target on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 548 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now directly owns 18,241 shares in the company, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares of the company’s stock, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its stake in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares in the last quarter. CWM LLC lifted its position in Q2 by 199.8% during the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock worth $115,000 after buying an additional 961 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after acquiring an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Q2 in the fourth quarter worth about $191,000.

Q2 Stock Up 0.6 %

QTWO stock opened at $94.61 on Tuesday. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of -98.56 and a beta of 1.61. The company has a 50-day moving average of $101.76 and a two-hundred day moving average of $85.12. Q2 has a 52-week low of $40.60 and a 52-week high of $112.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.