Stifel Nicolaus Increases Q2 (NYSE:QTWO) Price Target to $125.00

Q2 (NYSE:QTWO) had its price target boosted by Stifel Nicolaus from $115.00 to $125.00 in a research note published on Thursday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Robert W. Baird reiterated a “neutral” rating and set a $99.00 target price (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. DA Davidson boosted their price objective on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Piper Sandler raised their target price on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their target price on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Q2 presently has an average rating of “Moderate Buy” and a consensus price target of $102.13.

Q2 Trading Down 1.7 %

Shares of NYSE:QTWO opened at $91.26 on Thursday. The stock’s 50-day simple moving average is $98.27 and its two-hundred day simple moving average is $88.43. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of -95.06 and a beta of 1.61. Q2 has a 52-week low of $41.23 and a 52-week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. Analysts expect that Q2 will post 0.08 EPS for the current year.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the transaction, the executive now directly owns 223,494 shares of the company’s stock, valued at $23,690,364. The trade was a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Offerdahl sold 548 shares of the stock in a transaction 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 represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,836 shares of company stock worth $3,061,035. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new position in shares of Q2 during the fourth quarter valued at approximately $202,645,000. Massachusetts Financial Services Co. MA boosted its holdings in Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock valued at $135,449,000 after acquiring an additional 698,464 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Q2 by 732.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock valued at $75,025,000 after acquiring an additional 655,838 shares during the last quarter. Franklin Resources Inc. increased its stake in Q2 by 893.5% in the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock worth $47,459,000 after purchasing an additional 424,062 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Q2 by 139.5% during the third quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock worth $48,558,000 after purchasing an additional 354,524 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.