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

Q2 Holdings, Inc. (NYSE:QTWO) has received an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $79.2857.

QTWO has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price target on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Royal Bank Of Canada dropped their price objective on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a report on Thursday, February 12th. Cantor Fitzgerald reduced their target price on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Wall Street Zen upgraded Q2 from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a report on Thursday, January 22nd.

Insider Activity at Q2

In other Q2 news, COO Himagiri K. Mukkamala sold 3,024 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer owned 96,046 shares in the company, valued at approximately $7,076,669.28. The trade was a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $75.46, for a total transaction of $386,581.58. Following the transaction, the executive directly owned 166,512 shares of the company’s stock, valued at $12,564,995.52. This represents a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 20,883 shares of company stock valued at $1,547,778. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Q2 by 502.5% during the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock worth $21,856,000 after acquiring an additional 251,807 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Q2 in the 3rd quarter valued at about $1,559,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Q2 by 15.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,328 shares of the technology company’s stock worth $14,818,000 after acquiring an additional 20,643 shares during the last quarter. Federated Hermes Inc. boosted its stake in Q2 by 5.5% in the 3rd quarter. Federated Hermes Inc. now owns 788,374 shares of the technology company’s stock valued at $57,070,000 after purchasing an additional 41,229 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Q2 by 53.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock worth $3,378,000 after purchasing an additional 16,263 shares in the last quarter.

Q2 Trading Up 0.0%

NYSE:QTWO opened at $47.37 on Wednesday. Q2 has a 1 year low of $46.92 and a 1 year high of $96.68. The stock has a 50-day moving average price of $64.42 and a two-hundred day moving average price of $69.22. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 59.96 and a beta of 1.36.

Q2 Company Profile

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.