Q2 (NYSE:QTWO) Upgraded to Overweight at KeyCorp

KeyCorp upgraded shares of Q2 (NYSE:QTWO) from a sector weight rating to an overweight rating in a report published on Wednesday morning, MarketBeat reports. KeyCorp currently has $126.00 price objective on the technology company’s stock.

QTWO has been the subject of a number of other research reports. BTIG Research boosted their price objective on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Needham & Company LLC boosted their price target on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup cut Q2 from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Compass Point upped their target price on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada raised their price target on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.80.

Q2 Price Performance

Shares of QTWO stock traded up $1.47 during trading hours on Wednesday, hitting $103.81. The company’s stock had a trading volume of 82,450 shares, compared to its average volume of 603,081. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $96.06 and a 200-day moving average of $78.28. Q2 has a twelve month low of $39.66 and a twelve month high of $112.82. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of -108.13 and a beta of 1.60.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value 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 approximately $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 worth $3,061,035 in the last 90 days. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Q2

Several institutional investors and hedge funds have recently bought and sold shares of QTWO. Conestoga Capital Advisors LLC increased its position in Q2 by 1.5% in the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after buying an additional 34,300 shares during the period. State Street Corp increased its holdings in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC lifted its position in Q2 by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after purchasing an additional 19,520 shares during the last quarter. Hood River Capital Management LLC boosted its stake in Q2 by 5.7% during the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock valued at $76,132,000 after purchasing an additional 67,757 shares during the period. Finally, American Century Companies Inc. grew its position in Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after purchasing an additional 1,190,274 shares during the last quarter.

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.