Q2 (NYSE:QTWO) Price Target Raised to $125.00

Q2 (NYSE:QTWO) had its price objective lifted by equities researchers at Stifel Nicolaus from $115.00 to $125.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 29.74% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Stephens increased their price objective on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Royal Bank of Canada raised their target price on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.73.

Q2 Price Performance

QTWO traded up $4.33 during trading on Thursday, reaching $96.35. 329,835 shares of the company traded hands, compared to its average volume of 617,328. 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 has a 12-month low of $41.23 and a 12-month high of $112.82. The firm has a fifty day simple moving average of $99.35 and a 200 day simple moving average of $88.05. The company has a market cap of $5.82 billion, a P/E ratio of -100.36 and a beta of 1.61.

Q2 (NYSE:QTWO) last announced 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 net margin of 8.40% and a negative return on equity of 2.30%. On average, equities analysts forecast that Q2 will post 0.08 EPS for the current year.

Insider Buying and Selling

In other news, Director James Offerdahl sold 548 shares of Q2 stock in a transaction on Friday, November 22nd. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total value of $543,652.76. Following the sale, the executive now owns 218,371 shares of the company’s stock, valued at approximately $23,173,530.52. This trade represents a 2.29 % 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 over the last three months. 3.00% of the stock is owned by insiders.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently made changes to their positions in the business. Conestoga Capital Advisors LLC lifted its position in shares of Q2 by 1.5% during the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after purchasing an additional 34,300 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Q2 during the fourth quarter valued at $202,645,000. State Street Corp increased its stake in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC increased its stake in shares of Q2 by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after buying an additional 36,025 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Q2 by 107.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock valued at $135,449,000 after buying an additional 698,464 shares during the period.

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.