Q2 (NYSE:QTWO) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Q2 (NYSE:QTWO) in a research report released on Tuesday morning, MarketBeat reports. The firm issued an overweight rating and a $110.00 target price on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. Raymond James reduced their target price on shares of Q2 from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Citigroup increased their target price on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Compass Point reiterated a “neutral” rating and set a $60.00 target price on shares of Q2 in a report on Monday, April 7th. Stifel Nicolaus increased their target price on shares of Q2 from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada reduced their target price on shares of Q2 from $108.00 to $101.00 and set a “sector perform” rating on the stock in a report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Q2 Price Performance

Q2 stock opened at $89.54 on Tuesday. The firm has a market cap of $5.58 billion, a PE ratio of -137.75 and a beta of 1.47. Q2 has a 52-week low of $55.97 and a 52-week high of $112.82. 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 company’s 50 day moving average is $81.39 and its two-hundred day moving average is $89.87.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total value of $87,770.00. Following the transaction, the director now directly owns 16,241 shares of the company’s stock, valued at $1,425,472.57. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total transaction of $36,881.30. Following the completion of the transaction, the general counsel now directly owns 58,441 shares in the company, valued at $5,429,168.90. This trade represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 194,255 shares of company stock valued at $14,890,656 in the last ninety days. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QTWO. Invst LLC boosted its stake in Q2 by 93.7% during the 1st quarter. Invst LLC now owns 7,981 shares of the technology company’s stock worth $639,000 after purchasing an additional 3,861 shares during the period. Rhumbline Advisers boosted its stake in Q2 by 6.9% during the 1st quarter. Rhumbline Advisers now owns 87,324 shares of the technology company’s stock worth $6,987,000 after purchasing an additional 5,672 shares during the period. Strs Ohio acquired a new stake in Q2 during the 1st quarter worth $4,329,000. Intech Investment Management LLC boosted its stake in Q2 by 67.0% during the 1st quarter. Intech Investment Management LLC now owns 34,561 shares of the technology company’s stock worth $2,765,000 after purchasing an additional 13,866 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Q2 by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock worth $14,907,000 after purchasing an additional 6,909 shares during the period.

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.