Q2 (NYSE:QTWO) Shares Gap Up After Analyst Upgrade

Q2 Holdings, Inc. (NYSE:QTWO)’s share price gapped up prior to trading on Thursday after Stifel Nicolaus raised their price target on the stock from $115.00 to $125.00. The stock had previously closed at $92.02, but opened at $99.87. Stifel Nicolaus currently has a buy rating on the stock. Q2 shares last traded at $96.35, with a volume of 329,835 shares.

Other equities research analysts also recently issued reports about the stock. DA Davidson upped their price objective on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Robert W. Baird restated a “neutral” rating and set a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Royal Bank of Canada boosted 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. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Compass Point upped their price objective on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.73.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 548 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Kirk L. Coleman sold 10,428 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the completion of the transaction, the president now owns 337,643 shares in the company, valued at $35,931,968.06. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Q2

A number of large investors have recently made changes to their positions in the business. Highland Capital Management LLC boosted its holdings in Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after acquiring an additional 172 shares in the last quarter. Arizona State Retirement System increased its position in shares of Q2 by 1.1% during the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after buying an additional 190 shares during the period. Moran Wealth Management LLC raised its stake in Q2 by 2.7% in the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock worth $817,000 after buying an additional 215 shares in the last quarter. Parallax Volatility Advisers L.P. lifted its holdings in Q2 by 5.5% in the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after buying an additional 288 shares during the period. Finally, TCTC Holdings LLC bought a new stake in Q2 during the 4th quarter valued at approximately $30,000.

Q2 Price Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The stock has a market cap of $5.87 billion, a P/E ratio of -100.36 and a beta of 1.61. The firm has a 50-day moving average price of $99.35 and a 200-day moving average price of $88.05.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 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, analysts forecast that Q2 Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

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.