Q2 (NYSE:QTWO) Price Target Raised to $100.00

Q2 (NYSE:QTWO) had its price target raised by Citigroup from $96.00 to $100.00 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

QTWO has been the topic of several other reports. Robert W. Baird reiterated a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Needham & Company LLC increased their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley increased their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Finally, Compass Point raised their price target on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and a consensus target price of $102.13.

Q2 Stock Performance

NYSE QTWO opened at $91.26 on Thursday. The business’s 50-day moving average price is $98.27 and its 200 day moving average price is $88.43. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a twelve month low of $41.23 and a twelve month high of $112.82. The company has a market capitalization of $5.51 billion, a PE ratio of -95.06 and a beta of 1.61.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. On average, research analysts predict that Q2 will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Q2

In other news, President Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the completion of the sale, the president now owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 548 shares of Q2 stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the transaction, the director now directly owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Q2

A number of hedge funds have recently added to or reduced their stakes in the business. Conestoga Capital Advisors LLC boosted its holdings in Q2 by 1.5% in the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after purchasing an additional 34,300 shares during the period. William Blair Investment Management LLC bought a new stake in Q2 in the fourth quarter valued at $202,645,000. State Street Corp lifted its stake 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 buying an additional 5,000 shares during the last quarter. Capital Research Global Investors lifted its stake in Q2 by 11.2% in the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after buying an additional 152,872 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Q2 by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after buying an additional 36,025 shares during the last quarter.

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.