Q2 Holdings, Inc. (NYSE:QTWO) Receives $93.57 Average Price Target from Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $92.2667.

Several brokerages have recently weighed in on QTWO. Cantor Fitzgerald reduced their price target on Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Zacks Research downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. UBS Group set a $82.00 target price on Q2 in a research report on Tuesday. Stifel Nicolaus cut their price target 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, Stephens set a $90.00 price target on shares of Q2 in a research note on Friday, January 16th.

Insider Activity at Q2

In related news, insider Kirk L. Coleman sold 8,559 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $630,627.12. Following the transaction, the insider owned 269,128 shares of the company’s stock, valued at $19,829,351.04. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $222,808.32. Following the transaction, the chief operating officer owned 96,046 shares in the company, valued at $7,076,669.28. The trade was a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,883 shares of company stock worth $1,547,778. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Q2

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Q2 by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after purchasing an additional 82,827 shares in the last quarter. Invesco Ltd. increased its holdings in Q2 by 4.8% during the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock valued at $262,390,000 after buying an additional 128,387 shares during the period. Wasatch Advisors LP increased its holdings in Q2 by 2.9% during the third quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock valued at $156,221,000 after buying an additional 60,016 shares during the period. William Blair Investment Management LLC raised its stake in Q2 by 8.9% in the third quarter. William Blair Investment Management LLC now owns 2,141,005 shares of the technology company’s stock worth $154,987,000 after buying an additional 175,146 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Q2 by 11.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock worth $147,633,000 after buying an additional 213,415 shares during the period.

Q2 Trading Up 3.3%

Q2 stock opened at $57.01 on Friday. Q2 has a 12-month low of $54.63 and a 12-month high of $102.07. The firm has a 50-day moving average price of $69.41 and a 200-day moving average price of $71.99. The firm has a market capitalization of $3.56 billion, a PE ratio of 118.77 and a beta of 1.36.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $197.87 million. Q2 had a return on equity of 10.92% and a net margin of 4.12%.The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the company earned ($0.20) earnings per share. As a group, sell-side analysts predict that Q2 will post 0.67 earnings per share for the current fiscal 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.