Q2 (NYSE:QTWO) Price Target Raised to $115.00 at Stifel Nicolaus

Q2 (NYSE:QTWO) had its price target hoisted by analysts at Stifel Nicolaus from $100.00 to $115.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 7.42% from the stock’s current price.

QTWO has been the topic of several other reports. Compass Point increased their price target on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a report on Wednesday. DA Davidson boosted their price target on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Stephens lifted their price objective on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and an average price target of $95.80.

Q2 Trading Up 2.4 %

Shares of NYSE:QTWO traded up $2.52 on Wednesday, hitting $107.06. The company had a trading volume of 213,963 shares, compared to its average volume of 602,258. The firm’s 50-day simple moving average is $95.63 and its two-hundred day simple moving average is $78.11. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of -111.08 and a beta of 1.60. Q2 has a 1 year low of $39.66 and a 1 year high of $112.82.

Insider Activity at Q2

In related news, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the completion of the sale, the president now directly owns 337,643 shares of the company’s stock, valued at $35,931,968.06. This represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock valued at $3,061,035 in the last quarter. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of QTWO. Quarry LP raised its position in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares during the period. CWM LLC boosted 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 purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC boosted its position in Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Q2 during the second quarter worth approximately $153,000.

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.