Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) PT at $73.64

Q2 Holdings, Inc. (NYSE:QTWO) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $91.50.

Several research analysts recently commented on QTWO shares. Stifel Nicolaus raised their price target on shares of Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Piper Sandler lifted their target price on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price target on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. DA Davidson boosted their price objective on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Morgan Stanley upped their target price on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th.

Insider Activity

In related news, EVP Jonathan Price sold 11,000 shares of Q2 stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the completion of the transaction, the executive vice president now directly owns 215,079 shares in the company, valued at approximately $15,408,259.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Price sold 11,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $71.64, for a total transaction of $788,040.00. Following the completion of the transaction, the executive vice president now directly owns 215,079 shares in the company, valued at $15,408,259.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,963 shares of company stock worth $3,109,699. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Capital Management LLC grew its stake in Q2 by 0.4% during the 1st quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock worth $134,850,000 after buying an additional 11,000 shares during the last quarter. Conestoga Capital Advisors LLC grew 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 acquiring an additional 34,300 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Q2 by 5.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after acquiring an additional 67,757 shares during the period. American Century Companies Inc. lifted its position in Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock valued at $73,008,000 after purchasing an additional 1,190,274 shares during the last quarter. Finally, Perpetual Ltd acquired a new position in Q2 during the 3rd quarter valued at about $80,788,000.

Q2 Stock Performance

Shares of NYSE:QTWO opened at $103.30 on Thursday. The firm has a market capitalization of $6.24 billion, a PE ratio of -107.60 and a beta of 1.58. Q2 has a 12 month low of $34.47 and a 12 month high of $105.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The business has a 50-day moving average of $82.11 and a two-hundred day moving average of $70.58.

Q2 Company Profile

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.