Q2 Holdings, Inc. (QTWO) – What Are Investment Firms Thinking About This Stock?

Q2 Holdings, Inc. (NYSE:QTWO) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $76.17.

A number of research firms have weighed in on QTWO. Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Stifel Nicolaus increased their price objective on shares of Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group set a $68.00 price objective on shares of Q2 in a research note on Friday, July 31st. Needham & Company LLC boosted their target price on shares of Q2 from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $82.00 target price on shares of Q2 in a research report on Tuesday, September 22nd.

Insider Activity at Q2

In related news, insider Kimberly Rutledge sold 10,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.07, for a total transaction of $630,700.00. Following the completion of the sale, the insider directly owned 113,913 shares of the company’s stock, valued at approximately $7,184,492.91. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Michael Kerr sold 636 shares of Q2 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 sale, the general counsel directly owned 80,739 shares in the company, valued at $4,921,849.44. This trade represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 87,816 shares of company stock valued at $5,740,968. Corporate insiders own 0.88% of the company’s stock.

Institutional Trading of Q2

A number of hedge funds and other institutional investors have recently made changes to their positions in QTWO. Cim Investment Management Inc. grew its stake in Q2 by 7.4% in the second quarter. Cim Investment Management Inc. now owns 9,050 shares of the technology company’s stock worth $435,000 after purchasing an additional 625 shares in the last quarter. Tidal Investments LLC increased its holdings in 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 buying an additional 45,927 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Q2 during the second quarter valued at approximately $413,000. Integrated Wealth Concepts LLC acquired a new stake in Q2 during the second quarter valued at approximately $71,000. Finally, Allworth Financial LP raised its stake in Q2 by 48.1% during the second quarter. Allworth Financial LP now owns 1,120 shares of the technology company’s stock valued at $54,000 after buying an additional 364 shares in the last quarter.

Q2 Price Performance

Shares of QTWO opened at $59.35 on Thursday. The stock’s 50-day moving average is $60.98 and its two-hundred day moving average is $53.34. The stock has a market cap of $3.70 billion, a PE ratio of 42.40 and a beta of 1.34. Q2 has a 12 month low of $40.79 and a 12 month high of $76.24.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $219.77 million during the quarter, compared to the consensus estimate of $216.86 million. Q2 had a return on equity of 17.04% and a net margin of 10.87%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. On average, research analysts anticipate that Q2 will post 1.80 earnings per share for the current year.

Q2 Company Profile

Q2 Holdings, Inc is a financial technology company that provides cloud-based digital banking and lending solutions. Its software is designed primarily for banks, credit unions and other financial institutions seeking to deliver online and mobile banking services, automate financial workflows and improve engagement with consumers and businesses.

The company’s offerings include the Q2 Digital Banking Platform, which supports digital account access and financial services, as well as tools for lending, relationship pricing, profitability management and embedded finance.