Q2’s (QTWO) “Overweight” Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of Q2 (NYSE:QTWO) in a report issued on Thursday,Benzinga reports. They currently have a $115.00 price target on the technology company’s stock.

QTWO has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. DA Davidson boosted their price objective on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their price objective on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Citigroup cut shares of Q2 from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $102.13.

Q2 Stock Down 1.7 %

NYSE QTWO opened at $91.26 on Thursday. 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 1-year low of $41.23 and a 1-year high of $112.82. The company has a 50 day moving average of $98.27 and a 200-day moving average of $88.43. The company has a market cap of $5.51 billion, a price-to-earnings ratio of -95.06 and a beta of 1.61.

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

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the sale, the executive now directly owns 218,371 shares of the company’s stock, valued at approximately $23,173,530.52. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,836 shares of company stock valued at $3,061,035. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

A number of hedge funds have recently made changes to their positions in the stock. William Blair Investment Management LLC bought a new stake in Q2 in the fourth quarter worth $202,645,000. Massachusetts Financial Services Co. MA lifted its stake in Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after purchasing an additional 698,464 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Q2 by 732.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock worth $75,025,000 after purchasing an additional 655,838 shares during the last quarter. Franklin Resources Inc. lifted its stake in Q2 by 893.5% in the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock worth $47,459,000 after purchasing an additional 424,062 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Q2 by 139.5% in the third quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock worth $48,558,000 after purchasing an additional 354,524 shares during the last quarter.

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.