Q2 (NYSE:QTWO – Free Report) had its price objective increased by Stifel Nicolaus from $70.00 to $75.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.
Several other equities analysts have also recently weighed in on QTWO. Needham & Company LLC raised their price target on shares of Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. DA Davidson reissued a “buy” rating and set a $82.00 price objective on shares of Q2 in a report on Thursday, July 23rd. Morgan Stanley set a $63.00 price objective on Q2 in a research note on Thursday, April 30th. JPMorgan Chase & Co. dropped their target price on Q2 from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, June 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Q2 in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and an average target price of $74.00.
Read Our Latest Report on QTWO
Q2 Trading Up 3.3%
Q2 (NYSE:QTWO – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $219.77 million during the quarter, compared to analysts’ expectations of $216.86 million. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. As a group, equities analysts forecast that Q2 will post 1.73 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Q2 by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after buying an additional 82,827 shares during the last quarter. Capital Research Global Investors increased its position in shares of Q2 by 86.2% during the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock valued at $226,658,000 after acquiring an additional 1,454,076 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Q2 by 25.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock worth $194,451,000 after acquiring an additional 553,713 shares during the period. Wasatch Advisors LP boosted its position in Q2 by 2.9% in the third quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock worth $156,221,000 after purchasing an additional 60,016 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Q2 by 119.0% in the first quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock worth $57,253,000 after purchasing an additional 657,707 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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