Stifel Nicolaus Cuts Q2 (NYSE:QTWO) Price Target to $100.00

Q2 (NYSE:QTWO) had its price objective trimmed by Stifel Nicolaus from $125.00 to $100.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on QTWO. Raymond James raised their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Morgan Stanley cut their price target on Q2 from $95.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday. Needham & Company LLC boosted their price objective on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Finally, Compass Point reissued a “neutral” rating and set a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.60.

Q2 Stock Up 0.1 %

Shares of Q2 stock opened at $79.37 on Tuesday. The business has a 50-day moving average price of $77.76 and a 200 day moving average price of $90.08. Q2 has a fifty-two week low of $54.04 and a fifty-two week high of $112.82. The firm has a market cap of $4.94 billion, a P/E ratio of -122.10 and a beta of 1.61. 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 issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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%. On average, sell-side analysts forecast that Q2 will post 0.67 earnings per share for the current fiscal year.

Insider Activity at Q2

In other Q2 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 value of $493,342.72. Following the transaction, the insider now owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 453,849 shares of the company’s stock, 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 193,858 shares of company stock valued at $14,853,965 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Q2

A number of hedge funds have recently bought and sold shares of QTWO. Emerald Advisers LLC lifted its position in shares of Q2 by 1.9% in the 1st quarter. Emerald Advisers LLC now owns 493,433 shares of the technology company’s stock valued at $39,480,000 after acquiring an additional 9,119 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Q2 by 0.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company’s stock valued at $3,426,000 after purchasing an additional 248 shares during the period. Xponance Inc. lifted its holdings in shares of Q2 by 5.1% in the first quarter. Xponance Inc. now owns 4,576 shares of the technology company’s stock valued at $366,000 after purchasing an additional 224 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Q2 by 52.7% in the first quarter. Cerity Partners LLC now owns 3,391 shares of the technology company’s stock worth $271,000 after buying an additional 1,170 shares during the period. Finally, Penserra Capital Management LLC grew its holdings in shares of Q2 by 2.3% during the first quarter. Penserra Capital Management LLC now owns 81,391 shares of the technology company’s stock valued at $6,512,000 after buying an additional 1,855 shares in 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.