Shares of Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Three 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $75.0909.
QTWO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Q2 from $60.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird set a $74.00 price objective on shares of Q2 in a research note on Thursday, April 30th. DA Davidson reissued a “buy” rating and set a $82.00 target price on shares of Q2 in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Q2 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 30th.
Check Out Our Latest Stock Report on Q2
Q2 Trading Down 0.6%
Q2 (NYSE:QTWO – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Q2 had a return on equity of 17.04% and a net margin of 10.87%.The company had revenue of $219.77 million for the quarter, compared to analysts’ expectations of $216.86 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. On average, sell-side analysts forecast that Q2 will post 1.84 EPS for the current fiscal year.
Insider Activity
In other news, CFO Jonathan Price sold 77,180 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $65.71, for a total value of $5,071,497.80. Following the sale, the chief financial officer owned 207,633 shares in the company, valued at approximately $13,643,564.43. This represents a 27.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Anne Rutledge sold 10,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.07, for a total transaction of $630,700.00. Following the transaction, the insider directly owned 113,913 shares in the company, valued at $7,184,492.91. The trade was a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.88% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Q2 during the 1st quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in Q2 during the second quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Q2 during the third quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Q2 in the 4th quarter worth about $27,000. Finally, Optiver Holding B.V. lifted its position in shares of Q2 by 1,578.9% in the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company’s stock worth $30,000 after buying an additional 600 shares during the last quarter.
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.
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