Q2 Holdings, Inc. (QTWO) – What Are Researchers Saying About This Stock?

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $78.33.

Several analysts have commented on QTWO shares. Stephens began coverage on shares of Q2 in a research report on Thursday, October 15th. They set an “overweight” rating and a $74.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of Q2 from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Wall Street Zen downgraded shares of Q2 from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Q2 in a research note on Thursday, October 29th. Finally, Needham & Company LLC increased their target price on shares of Q2 from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 29th.

Insider Buying and Selling at Q2

In other news, General Counsel Michael Kerr sold 636 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $60.96, for a total transaction of $38,770.56. Following the transaction, the general counsel directly owned 80,739 shares of the company’s stock, valued at approximately $4,921,849.44. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jonathan Price sold 77,180 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $65.71, for a total value of $5,071,497.80. Following the transaction, the chief financial officer directly owned 207,633 shares in the company, valued at approximately $13,643,564.43. The trade was a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in Q2 by 9.0% during the 2nd quarter. Wellington Management Group LLP now owns 353,484 shares of the technology company’s stock worth $17,003,000 after acquiring an additional 29,075 shares during the period. Entropy Technologies LP increased its holdings in shares of Q2 by 864.9% in the first quarter. Entropy Technologies LP now owns 26,902 shares of the technology company’s stock valued at $1,272,000 after purchasing an additional 24,114 shares during the period. Tidal Investments LLC increased its holdings in shares of Q2 by 22.4% in the second quarter. Tidal Investments LLC now owns 251,079 shares of the technology company’s stock valued at $12,077,000 after purchasing an additional 45,927 shares during the period. Smith Group Asset Management LLC purchased a new position in shares of Q2 in the first quarter worth about $1,422,000. Finally, Fifth Third Bancorp raised its stake in shares of Q2 by 27,165.5% in the first quarter. Fifth Third Bancorp now owns 257,114 shares of the technology company’s stock worth $12,161,000 after purchasing an additional 256,171 shares during the last quarter.

Q2 Trading Down 0.3%

Shares of NYSE QTWO opened at $73.66 on Monday. The stock has a market capitalization of $4.55 billion, a PE ratio of 43.59 and a beta of 1.35. The stock’s fifty day simple moving average is $62.29 and its two-hundred day simple moving average is $54.91. Q2 has a 12-month low of $40.79 and a 12-month high of $76.37.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $225.77 million during the quarter, compared to analyst estimates of $221.23 million. Q2 had a return on equity of 17.85% and a net margin of 12.66%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. On average, equities analysts predict that Q2 will post 1.88 earnings per share for the current fiscal year.

About Q2

Q2 Holdings, Inc provides digital banking and financial technology solutions to banks, credit unions and other financial institutions. Its cloud-based platform helps institutions deliver online and mobile banking services to consumers and businesses.

The company’s offerings include digital account opening, lending, payments, data and analytics, and tools for managing customer relationships. Q2 also provides technology and services that help financial institutions connect with fintech companies and expand their digital offerings.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves financial institutions primarily in the United States, as well as customers in other markets.