Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) Target Price at $102.13

Q2 Holdings, Inc. (NYSE:QTWO) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $102.13.

A number of brokerages recently commented on QTWO. Citigroup increased their price target on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Compass Point increased their price target on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Stephens reaffirmed an “overweight” rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Royal Bank of Canada increased their price target on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a research report on Wednesday, December 18th.

Insider Transactions at Q2

In other news, President Kirk L. Coleman sold 10,428 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now directly owns 337,643 shares of the company’s stock, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total value of $543,652.76. Following the completion of the transaction, the executive now directly owns 218,371 shares of the company’s stock, valued at $23,173,530.52. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,288 shares of company stock valued at $3,003,523 over the last three months. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Highland Capital Management LLC raised its position in shares of Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after buying an additional 172 shares in the last quarter. Arizona State Retirement System raised its position in shares of Q2 by 1.1% in the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock worth $1,761,000 after buying an additional 190 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Q2 by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company’s stock worth $620,000 after buying an additional 195 shares in the last quarter. Moran Wealth Management LLC raised its position in shares of Q2 by 2.7% in the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock worth $817,000 after buying an additional 215 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after buying an additional 275 shares in the last quarter.

Q2 Stock Performance

Shares of Q2 stock opened at $87.84 on Friday. The company has a market cap of $5.33 billion, a PE ratio of -135.13 and a beta of 1.61. Q2 has a 52 week low of $43.55 and a 52 week high of $112.82. The business has a 50 day moving average price of $97.14 and a 200-day moving average price of $88.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities analysts anticipate that Q2 will post 0.67 earnings per share for the current fiscal year.

About Q2

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.