Q2 (NYSE:QTWO) Stock Rating Lowered by Baird R W

Q2 (NYSE:QTWO) was downgraded by analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

A number of other research firms have also recently commented on QTWO. Morgan Stanley lifted their target price on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price target on Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a report on Friday. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a research report on Wednesday, December 18th. Finally, Stephens upped their price target on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Q2 Stock Performance

NYSE:QTWO opened at $88.88 on Friday. Q2 has a 12 month low of $40.60 and a 12 month high of $112.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market capitalization of $5.37 billion, a PE ratio of -92.58 and a beta of 1.61. The business’s fifty day moving average price is $102.29 and its 200 day moving average price is $83.29.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.12, for a total value of $543,652.76. Following the sale, the executive now directly owns 218,371 shares of the company’s stock, valued at approximately $23,173,530.52. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the sale, the president now owns 337,643 shares of the company’s stock, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock valued at $3,061,035 over the last quarter. 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. Versor Investments LP acquired a new stake in shares of Q2 in the third quarter worth $590,000. Perpetual Ltd purchased a new stake in Q2 during the 3rd quarter worth $80,788,000. BNP Paribas Financial Markets increased its holdings in Q2 by 32.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after purchasing an additional 7,475 shares in the last quarter. State Street Corp raised its position in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after purchasing an additional 5,000 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Q2 during the third quarter worth about $1,227,000.

About Q2

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.