Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $105.47

Q2 Holdings, Inc. (NYSE:QTWO) has been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $102.33.

Several research firms recently weighed in on QTWO. Stifel Nicolaus increased their price target on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Needham & Company LLC lifted their price target on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Truist Financial reissued a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Finally, Raymond James boosted 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.

Insider Buying and Selling

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the sale, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares in the company, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,858 shares of company stock valued at $14,853,965 over the last three months. 3.00% of the stock is owned by company insiders.

Institutional Trading of Q2

A number of institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC purchased a new stake in Q2 during the fourth quarter valued at approximately $202,645,000. State Street Corp increased its position in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Q2 by 11.2% during the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after purchasing an additional 152,872 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after purchasing an additional 36,025 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Q2 by 107.9% during 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.

Q2 Price Performance

QTWO stock opened at $68.67 on Friday. Q2 has a 52 week low of $49.56 and a 52 week high of $112.82. The firm has a market capitalization of $4.17 billion, a P/E ratio of -105.64 and a beta of 1.61. The company has a fifty day simple moving average of $83.58 and a two-hundred day simple moving average of $90.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last released 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Analysts anticipate that Q2 will post 0.67 earnings per share for the current fiscal year.

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.