Q2 Holdings, Inc. (NYSE:QTWO) Receives $73.45 Consensus Target Price from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $73.4545.

A number of brokerages have issued reports on QTWO. UBS Group set a $77.00 target price on shares of Q2 in a research report on Thursday, April 30th. Morgan Stanley set a $63.00 price target on shares of Q2 in a research report on Thursday, April 30th. JPMorgan Chase & Co. dropped their price objective on shares of Q2 from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, June 22nd. DA Davidson restated a “buy” rating and set a $82.00 price objective on shares of Q2 in a research report on Thursday, July 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a research report on Friday, July 17th.

Hedge Funds Weigh In On Q2

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Q2 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after acquiring an additional 82,827 shares during the last quarter. Capital Research Global Investors increased its position in Q2 by 86.2% during the 4th quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock worth $226,658,000 after purchasing an additional 1,454,076 shares in the last quarter. William Blair Investment Management LLC raised its stake in Q2 by 25.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after purchasing an additional 553,713 shares during the last quarter. Wasatch Advisors LP raised its stake in Q2 by 2.9% in the 3rd quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock valued at $156,221,000 after purchasing an additional 60,016 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Q2 by 119.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock valued at $57,253,000 after purchasing an additional 657,707 shares in the last quarter.

Q2 Stock Up 1.7%

Shares of QTWO stock opened at $60.22 on Friday. The stock has a market cap of $3.77 billion, a P/E ratio of 53.77 and a beta of 1.33. Q2 has a fifty-two week low of $40.79 and a fifty-two week high of $92.04. The business has a fifty day simple moving average of $49.01 and a 200-day simple moving average of $51.51.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $219.77 million for the quarter, compared to analyst estimates of $216.86 million. Q2 had a net margin of 8.99% and a return on equity of 14.68%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. On average, sell-side analysts anticipate that Q2 will post 1.64 earnings per share for the current year.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.