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

Q2 Holdings, Inc. (NYSE:QTWO) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $105.27.

Several research firms recently weighed in on QTWO. Royal Bank of Canada increased their target price on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Robert W. Baird reiterated a “neutral” rating and set a $99.00 target price (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. KeyCorp upgraded 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, Citigroup raised their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th.

Insider Buying and Selling

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the sale, the chief executive officer now directly owns 453,849 shares in the company, valued at $35,527,299.72. The trade was a 11.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,350 shares of company stock valued at $6,187,586. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. William Blair Investment Management LLC bought a new stake in shares of Q2 in the 4th quarter valued at approximately $202,645,000. State Street Corp increased its holdings in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after acquiring an additional 5,000 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Q2 by 11.2% in the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after acquiring an additional 152,872 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after acquiring an additional 36,025 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock valued at $135,449,000 after acquiring an additional 698,464 shares during the last quarter.

Q2 Stock Up 3.6 %

QTWO opened at $73.97 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.49 billion, a P/E ratio of -113.80 and a beta of 1.62. Q2 has a 52 week low of $46.50 and a 52 week high of $112.82. The business’s fifty day simple moving average is $91.39 and its 200 day simple moving average is $90.26.

Q2 (NYSE:QTWO) last released its earnings results 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 positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, equities research analysts anticipate that Q2 will post 0.67 EPS for the current fiscal year.

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.