Q2 (NYSE:QTWO) Price Target Raised to $86.00 at The Goldman Sachs Group

Q2 (NYSE:QTWO) had its price objective upped by The Goldman Sachs Group from $59.00 to $86.00 in a report released on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus increased their target price on Q2 from $65.00 to $85.00 and gave the company a buy rating in a research report on Thursday. DA Davidson downgraded Q2 from a buy rating to a neutral rating and increased their target price for the company from $65.00 to $76.00 in a research report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on Q2 from $60.00 to $76.00 and gave the stock a sector perform rating in a research report on Thursday. Robert W. Baird raised their price objective on Q2 from $60.00 to $65.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC raised their price objective on Q2 from $58.00 to $65.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $65.86.

Q2 Price Performance

NYSE:QTWO traded down $1.70 during trading hours on Thursday, hitting $65.00. The company’s stock had a trading volume of 258,929 shares, compared to its average volume of 613,950. The stock has a fifty day simple moving average of $62.67 and a 200-day simple moving average of $54.74. The company has a market capitalization of $3.92 billion, a P/E ratio of -49.41 and a beta of 1.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.38. Q2 has a twelve month low of $28.91 and a twelve month high of $75.94.

Insider Buying and Selling 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 transaction of $36,633.48. Following the transaction, the director now owns 420,171 shares of the company’s stock, valued at $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, 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 transaction of $36,633.48. Following the transaction, the director now owns 420,171 shares of the company’s stock, valued at $25,739,675.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kimberly Anne Rutledge sold 1,953 shares of Q2 stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $65.00, for a total value of $126,945.00. Following the transaction, the insider now directly owns 115,436 shares in the company, valued at approximately $7,503,340. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,637 shares of company stock valued at $5,224,320. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

A number of hedge funds have recently bought and sold shares of the business. CWM LLC lifted its holdings in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the period. Natixis Advisors LLC lifted its holdings in Q2 by 1.4% during the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock worth $1,007,000 after acquiring an additional 237 shares during the period. Natixis Advisors L.P. lifted its holdings in Q2 by 1.6% during the fourth quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company’s stock worth $702,000 after acquiring an additional 259 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Q2 by 4.4% during the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock worth $377,000 after acquiring an additional 304 shares during the period. Finally, MCF Advisors LLC lifted its holdings in Q2 by 156.5% during the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after acquiring an additional 374 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.