Q2 Holdings, Inc. (NYSE:QTWO) Receives $100.60 Consensus Price Target from Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and eight have assigned 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 $100.60.

A number of analysts recently weighed in on the company. Raymond James increased 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. Citigroup increased their price target on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Needham & Company LLC lifted their price objective on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Stephens reissued an “overweight” rating and set a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Finally, Morgan Stanley dropped their price target on shares of Q2 from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th.

Insiders Place Their Bets

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $8,396,165.36. This trade represents a 5.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was 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. Over the last 90 days, insiders have sold 193,858 shares of company stock worth $14,853,965. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently added to or reduced their stakes in the company. LMG Wealth Partners LLC boosted its stake in shares of Q2 by 17.1% in the 1st quarter. LMG Wealth Partners LLC now owns 16,712 shares of the technology company’s stock worth $1,337,000 after buying an additional 2,440 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Q2 by 56.4% during the 1st quarter. Victory Capital Management Inc. now owns 405,501 shares of the technology company’s stock valued at $32,444,000 after purchasing an additional 146,241 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Q2 by 2,630.0% during the 1st quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock worth $44,000 after purchasing an additional 526 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Q2 by 28.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock worth $137,948,000 after buying an additional 378,394 shares during the last quarter. Finally, Emerald Advisers LLC grew its position in Q2 by 1.9% during the first quarter. Emerald Advisers LLC now owns 493,433 shares of the technology company’s stock valued at $39,480,000 after buying an additional 9,119 shares during the period.

Q2 Trading Up 1.7 %

Shares of QTWO stock opened at $80.53 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $5.02 billion, a P/E ratio of -123.89 and a beta of 1.47. Q2 has a twelve month low of $55.97 and a twelve month high of $112.82. The stock’s fifty day simple moving average is $77.67 and its 200 day simple moving average is $90.14.

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 the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, sell-side analysts predict that Q2 will post 0.67 EPS 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.