Q2 (NYSE:QTWO) Reaches New 12-Month High Following Analyst Upgrade

Q2 Holdings, Inc. (NYSE:QTWO)’s stock price hit a new 52-week high during trading on Monday after DA Davidson raised their price target on the stock from $76.00 to $86.00. DA Davidson currently has a neutral rating on the stock. Q2 traded as high as $105.00 and last traded at $103.58, with a volume of 58564 shares. The stock had previously closed at $102.74.

Several other equities research analysts have also recently commented on the stock. Citigroup cut shares of Q2 from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Stifel Nicolaus lifted their price target on shares of Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Compass Point lifted their price objective on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BTIG Research lifted their price objective on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada boosted their target price on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Insider Activity

In other news, EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $71.64, for a total value of $788,040.00. Following the completion of the sale, the executive vice president now owns 215,079 shares of the company’s stock, valued at approximately $15,408,259.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, General Counsel Michael S. Kerr sold 517 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jonathan Price sold 11,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $71.64, for a total transaction of $788,040.00. Following the sale, the executive vice president now directly owns 215,079 shares of the company’s stock, valued at $15,408,259.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Q2

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after acquiring an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after acquiring an additional 964 shares during the last quarter. Quest Partners LLC bought a new position in shares of Q2 in the second quarter worth about $153,000. Finally, SG Americas Securities LLC bought a new position in shares of Q2 in the first quarter worth about $173,000.

Q2 Price Performance

The stock has a market cap of $6.16 billion, a P/E ratio of -106.42 and a beta of 1.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.44. The business’s fifty day moving average price is $80.37 and its 200 day moving average price is $69.66.

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.