Q2 (NYSE:QTWO) Reaches New 1-Year High at $71.08

Q2 Holdings, Inc. (NYSE:QTWO)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $71.08 and last traded at $71.01, with a volume of 273584 shares trading hands. The stock had previously closed at $68.88.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on QTWO. The Goldman Sachs Group upped their price target on Q2 from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. DA Davidson lowered Q2 from a “buy” rating to a “neutral” rating and raised their target price for the company from $65.00 to $76.00 in a research note on Wednesday. Royal Bank of Canada raised their target price on Q2 from $46.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Truist Financial reiterated a “buy” rating and issued a $68.00 price target on shares of Q2 in a report on Monday, July 1st. Finally, Stifel Nicolaus raised their price target on Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $56.27.

Q2 Stock Performance

The company has a market cap of $4.00 billion, a price-to-earnings ratio of -49.25 and a beta of 1.55. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a 50-day moving average price of $62.04 and a 200 day moving average price of $53.50.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $165.51 million for the quarter, compared to analyst estimates of $163.58 million. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. As a group, analysts anticipate that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Insider Transactions at Q2

In related news, Director R. H. Seale sold 598 shares of Q2 stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $61.26, for a total value of $36,633.48. Following the sale, the director now owns 420,171 shares of the company’s stock, valued at approximately $25,739,675.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Kimberly Anne Rutledge sold 1,953 shares of Q2 stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $65.00, for a total value of $126,945.00. Following the sale, the insider now owns 115,436 shares of the company’s stock, valued at approximately $7,503,340. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director R. H. Seale sold 598 shares of Q2 stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $61.26, for a total value of $36,633.48. Following the completion of the sale, the director now directly owns 420,171 shares in the company, valued at approximately $25,739,675.46. The disclosure for this sale can be found here. Insiders have sold a total of 84,637 shares of company stock valued at $5,224,320 over the last 90 days. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB increased its position in shares of Q2 by 45.2% during the 1st quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock worth $3,456,000 after purchasing an additional 20,195 shares during the last quarter. Jennison Associates LLC increased its position in shares of Q2 by 14.6% during the 1st quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after purchasing an additional 235,582 shares during the last quarter. Summit Creek Advisors LLC acquired a new position in shares of Q2 during the 4th quarter worth approximately $9,170,000. PEAK6 Investments LLC boosted its stake in shares of Q2 by 68.8% during the 4th quarter. PEAK6 Investments LLC now owns 69,205 shares of the technology company’s stock worth $3,004,000 after acquiring an additional 28,215 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Q2 by 67.4% during the 4th quarter. Principal Financial Group Inc. now owns 39,605 shares of the technology company’s stock worth $1,719,000 after acquiring an additional 15,942 shares during the period.

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.