Q2 (NYSE:QTWO) Given New $115.00 Price Target at Stifel Nicolaus

Q2 (NYSE:QTWO) had its price objective upped by research analysts at Stifel Nicolaus from $100.00 to $115.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 7.42% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a research report on Wednesday. Royal Bank of Canada upped their target price on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Compass Point lifted their price objective on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and increased their price objective for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Finally, Morgan Stanley raised their target price on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Q2 currently has an average rating of “Moderate Buy” and an average price target of $95.80.

Q2 Trading Up 2.4 %

Shares of NYSE QTWO traded up $2.52 during mid-day trading on Wednesday, reaching $107.06. The company had a trading volume of 213,963 shares, compared to its average volume of 602,258. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of -111.08 and a beta of 1.60. Q2 has a 52 week low of $39.66 and a 52 week high of $112.82. The business’s 50-day moving average is $95.63 and its 200-day moving average is $78.11. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Kirk L. Coleman sold 8,559 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the completion of the sale, the president now directly owns 340,903 shares in the company, valued at $36,135,718. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock valued at $3,061,035 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Q2

Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. Versor Investments LP bought a new stake in Q2 during the third quarter valued at $590,000. Perpetual Ltd bought a new position in Q2 in the 3rd quarter valued at $80,788,000. BNP Paribas Financial Markets grew its position in shares of Q2 by 32.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after acquiring an additional 7,475 shares during the period. State Street Corp increased its holdings in Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Q2 in the 3rd quarter valued at approximately $1,227,000.

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.