Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $78.33.
A number of equities analysts recently commented on the company. Zacks Research lowered Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. JPMorgan Chase & Co. lifted their price objective on Q2 from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. UBS Group reaffirmed a “buy” rating on shares of Q2 in a report on Thursday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Q2 in a research report on Thursday, October 29th. Finally, Morgan Stanley raised their target price on shares of Q2 from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, July 31st.
View Our Latest Analysis on Q2
Insider Buying and Selling
In other news, CFO Jonathan Price sold 77,180 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $65.71, for a total transaction of $5,071,497.80. Following the transaction, the chief financial officer directly owned 207,633 shares in the company, valued at approximately $13,643,564.43. This trade represents a 27.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Michael S. Kerr sold 636 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $60.96, for a total value of $38,770.56. Following the sale, the general counsel directly owned 80,739 shares in the company, valued at approximately $4,921,849.44. The trade was a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 87,816 shares of company stock valued at $5,740,968. Insiders own 0.88% of the company’s stock.
Institutional Investors Weigh In On Q2
A number of large investors have recently modified their holdings of the business. Keybank National Association OH boosted its stake in shares of Q2 by 46.5% in the third quarter. Keybank National Association OH now owns 8,598 shares of the technology company’s stock valued at $477,000 after purchasing an additional 2,728 shares during the period. Hohimer Wealth Management LLC increased its stake in Q2 by 3.4% during the 3rd quarter. Hohimer Wealth Management LLC now owns 4,693 shares of the technology company’s stock worth $260,000 after buying an additional 153 shares during the period. Ethic Inc. purchased a new stake in Q2 during the 3rd quarter worth approximately $237,000. Ashton Thomas Private Wealth LLC purchased a new stake in Q2 during the 3rd quarter worth approximately $292,000. Finally, Covestor Ltd lifted its holdings in Q2 by 177.5% during the 3rd quarter. Covestor Ltd now owns 1,157 shares of the technology company’s stock worth $64,000 after buying an additional 740 shares in the last quarter.
Q2 Stock Up 4.3%
NYSE QTWO opened at $74.29 on Monday. The company has a 50-day moving average price of $61.92 and a 200-day moving average price of $54.81. Q2 has a 52 week low of $40.79 and a 52 week high of $76.24. The firm has a market capitalization of $4.59 billion, a P/E ratio of 43.96 and a beta of 1.36.
Q2 (NYSE:QTWO – Get Free Report) last released its earnings results on Wednesday, October 28th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. Q2 had a net margin of 12.66% and a return on equity of 17.85%. The company had revenue of $225.77 million during the quarter, compared to analyst estimates of $221.23 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Q2 will post 1.88 EPS for the current year.
About Q2
Q2 Holdings, Inc is a financial technology company that provides cloud-based software to banks, credit unions and other financial institutions. Its platform is designed to help these organizations deliver digital banking experiences, manage customer relationships and expand access to financial services through online and mobile channels.
The company’s products and services include digital banking, account opening, lending and loan origination, payments, data and analytics, financial crime prevention, and tools for managing customer engagement.
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