Q2 Holdings, Inc. (NYSE:QTWO) Receives $100.69 Consensus Target Price from Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given a consensus rating of “Hold” by the nineteen ratings firms that are covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $99.4375.

QTWO has been the subject of several research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Needham & Company LLC increased their price target on shares of Q2 from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Cantor Fitzgerald reduced their price target on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Finally, Wall Street Zen downgraded shares of Q2 from a “buy” rating to a “hold” rating in a report on Friday, September 26th.

Insider Buying and Selling at Q2

In other Q2 news, insider John E. Breeden sold 6,105 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider directly owned 149,643 shares of the company’s stock, valued at $11,263,628.61. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Michael S. Kerr sold 967 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $82.60, for a total transaction of $79,874.20. Following the sale, the general counsel directly owned 56,228 shares in the company, valued at approximately $4,644,432.80. This trade represents a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,499 shares of company stock valued at $650,658 over the last three months. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Q2

A number of institutional investors and hedge funds have recently modified their holdings of QTWO. Nuveen LLC purchased a new stake in shares of Q2 in the first quarter worth about $51,960,000. Norges Bank purchased a new stake in shares of Q2 in the second quarter worth about $60,466,000. American Century Companies Inc. lifted its holdings in shares of Q2 by 60.5% in the second quarter. American Century Companies Inc. now owns 1,093,099 shares of the technology company’s stock worth $102,303,000 after buying an additional 411,930 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Q2 by 28.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock worth $137,948,000 after buying an additional 378,394 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Q2 by 18.1% in the second quarter. Ameriprise Financial Inc. now owns 1,104,722 shares of the technology company’s stock worth $103,391,000 after buying an additional 169,470 shares in the last quarter.

Q2 Stock Performance

QTWO opened at $61.07 on Thursday. The firm has a market cap of $3.81 billion, a P/E ratio of 1,221.72 and a beta of 1.47. The firm has a 50-day moving average of $72.09 and a 200 day moving average of $80.85. Q2 has a fifty-two week low of $58.57 and a fifty-two week high of $112.82.

About Q2

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.