Raymond James Issues Positive Forecast for Q2 (NYSE:QTWO) Stock Price

Q2 (NYSE:QTWO) had its price objective boosted by Raymond James from $100.00 to $110.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

QTWO has been the subject of a number of other research reports. KeyCorp upgraded shares of 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. Compass Point raised their target price on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus upped their price target on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Q2 in a report on Thursday. Finally, The Goldman Sachs Group boosted their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Q2 currently has an average rating of “Moderate Buy” and a consensus target price of $102.13.

Q2 Stock Performance

Shares of Q2 stock opened at $92.82 on Thursday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average price is $98.99 and its 200 day moving average price is $88.08. Q2 has a one year low of $41.23 and a one year high of $112.82.

Q2 (NYSE:QTWO) last posted its quarterly earnings results 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 negative return on equity of 2.30% and a negative net margin of 8.40%. As a group, research analysts forecast that Q2 will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.12, for a total transaction 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 approximately $23,173,530.52. The trade was a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the company’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 owns 337,643 shares in the company, valued at $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 90 days, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its position in shares of Q2 by 404.2% during the 4th quarter. Marshall Wace LLP now owns 28,740 shares of the technology company’s stock worth $2,893,000 after purchasing an additional 23,040 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after buying an additional 275 shares during the last quarter. Mariner LLC boosted its position in shares of Q2 by 36.2% during the 4th quarter. Mariner LLC now owns 3,644 shares of the technology company’s stock worth $367,000 after acquiring an additional 968 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Q2 by 3.3% in the 4th quarter. Ameritas Investment Partners Inc. now owns 6,156 shares of the technology company’s stock valued at $620,000 after acquiring an additional 195 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of Q2 during the 4th quarter worth about $290,000.

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.