Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $93.5714.

QTWO has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their price objective on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. UBS Group set a $90.00 target price on shares of Q2 in a research report on Thursday, November 6th. Stifel Nicolaus reduced their price target on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Thursday, January 22nd. Finally, Needham & Company LLC cut their target price on shares of Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, November 6th.

Q2 Stock Performance

Shares of Q2 stock opened at $61.32 on Friday. Q2 has a twelve month low of $58.57 and a twelve month high of $102.07. The firm has a market cap of $3.83 billion, a P/E ratio of 127.74 and a beta of 1.35. The firm’s 50-day simple moving average is $70.84 and its 200-day simple moving average is $73.13.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). Q2 had a return on equity of 10.92% and a net margin of 4.12%.The business had revenue of $201.70 million for the quarter, compared to the consensus estimate of $197.87 million. During the same quarter in the prior year, the business earned ($0.20) EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts forecast that Q2 will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Q2

In other Q2 news, COO Himagiri K. Mukkamala sold 3,024 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $222,808.32. Following the transaction, the chief operating officer owned 96,046 shares of the company’s stock, valued at approximately $7,076,669.28. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $75.46, for a total value of $386,581.58. Following the completion of the sale, the executive owned 166,512 shares of the company’s stock, valued at approximately $12,564,995.52. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,883 shares of company stock worth $1,547,778. 0.31% of the stock is currently owned by insiders.

Institutional Trading of Q2

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Q2 by 13.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock worth $572,772,000 after purchasing an additional 941,672 shares during the last quarter. North Reef Capital Management LP raised its position in shares of Q2 by 101.1% during the third quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock worth $122,339,000 after acquiring an additional 849,480 shares during the last quarter. UBS Group AG lifted its stake in shares of Q2 by 343.5% during the third quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock valued at $73,110,000 after acquiring an additional 782,220 shares during the period. Norges Bank acquired a new position in shares of Q2 during the second quarter valued at $60,466,000. Finally, Marshall Wace LLP boosted its holdings in Q2 by 2,040.7% in the third quarter. Marshall Wace LLP now owns 531,654 shares of the technology company’s stock valued at $38,486,000 after acquiring an additional 506,819 shares during the last quarter.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.