Q2 (NYSE:QTWO) Price Target Raised to $125.00

Q2 (NYSE:QTWO) had its price objective upped by Stifel Nicolaus from $115.00 to $125.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms have also commented on QTWO. Needham & Company LLC upped their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. DA Davidson boosted their price target on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Stephens increased their price objective on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their target price on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.13.

Q2 Stock Down 1.7 %

Shares of NYSE:QTWO opened at $91.26 on Thursday. The stock has a market capitalization of $5.51 billion, a P/E ratio of -95.06 and a beta of 1.61. The stock’s 50-day moving average price is $98.27 and its 200-day moving average price is $88.43. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 12-month low of $41.23 and a 12-month high of $112.82.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. On average, equities analysts anticipate that Q2 will post 0.08 earnings per share for the current year.

Insider Activity

In other news, Director James Offerdahl sold 548 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the business’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 completion of the transaction, the president now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,836 shares of company stock worth $3,061,035. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently modified their holdings of QTWO. William Blair Investment Management LLC bought a new position in shares of Q2 during the fourth quarter valued at $202,645,000. Massachusetts Financial Services Co. MA raised its position in Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after buying an additional 698,464 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Q2 by 732.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock valued at $75,025,000 after acquiring an additional 655,838 shares during the period. Franklin Resources Inc. lifted its stake in Q2 by 893.5% during the 4th quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock valued at $47,459,000 after acquiring an additional 424,062 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Q2 by 139.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock valued at $48,558,000 after acquiring an additional 354,524 shares during the last quarter.

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.