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

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $105.27.

A number of research analysts have issued reports on the company. Robert W. Baird reiterated a “neutral” rating and set a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Stephens restated an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Truist Financial restated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Raymond James upped their price objective on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada upped their price objective on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 5,123 shares of the company’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 sale, the executive now owns 218,371 shares in the company, valued at approximately $23,173,530.52. This represents a 2.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the company’s 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 owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,350 shares of company stock worth $6,187,586. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Q2

Several hedge funds have recently added to or reduced their stakes in QTWO. William Blair Investment Management LLC bought a new stake in Q2 during the 4th quarter valued at approximately $202,645,000. Massachusetts Financial Services Co. MA raised its holdings 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 valued at $135,449,000 after acquiring an additional 698,464 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Q2 by 732.2% in 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 in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Q2 by 105.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock worth $101,937,000 after buying an additional 520,649 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Q2 by 893.5% in the 4th quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock worth $47,459,000 after buying an additional 424,062 shares in the last quarter.

Q2 Trading Up 3.6 %

NYSE:QTWO opened at $73.97 on Wednesday. Q2 has a 12-month low of $46.50 and a 12-month high of $112.82. The firm has a market capitalization of $4.49 billion, a P/E ratio of -113.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day simple moving average of $91.39 and a 200 day simple moving average of $90.26.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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%. Equities research analysts predict that Q2 will post 0.67 EPS for the current 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.