Q2 Holdings, Inc. (NYSE:QTWO) Given Average Rating of “Moderate Buy” by Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $105.27.

A number of equities research analysts have commented on QTWO shares. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research note on Wednesday, December 18th. Citigroup lifted their target price on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Raymond James lifted their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Needham & Company LLC lifted their target price on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price objective on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th.

Q2 Trading Up 3.9 %

Shares of Q2 stock opened at $75.89 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 has a 52 week low of $46.50 and a 52 week high of $112.82. The stock has a 50 day moving average price of $89.81 and a two-hundred day moving average price of $90.27. The stock has a market capitalization of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62.

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

Insider Activity

In related news, CFO Jonathan Price sold 42,652 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the sale, the chief financial officer now owns 209,378 shares of the company’s stock, valued at approximately $15,571,441.86. This represents a 16.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now directly owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,835 shares of company stock valued at $11,959,517 in the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently modified their holdings of QTWO. William Blair Investment Management LLC purchased a new stake in shares of Q2 in the 4th quarter valued at about $202,645,000. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 valued at $135,449,000 after acquiring an additional 698,464 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of 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 purchasing an additional 655,838 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Q2 by 105.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock valued at $101,937,000 after purchasing an additional 520,649 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of 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 purchasing an additional 424,062 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.