Q2 (NYSE:QTWO) Receives “Neutral” Rating from Compass Point

Compass Point reaffirmed their neutral rating on shares of Q2 (NYSE:QTWO) in a report published on Monday, MarketBeat.com reports. They currently have a $60.00 price target on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Citigroup increased their price target on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Raymond James boosted their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.33.

Q2 Stock Performance

Shares of QTWO opened at $76.54 on Monday. The company’s 50 day simple moving average is $82.79 and its 200-day simple moving average is $90.47. The firm has a market cap of $4.65 billion, a PE ratio of -117.75 and a beta of 1.61. Q2 has a 12-month low of $49.56 and a 12-month high of $112.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, equities analysts predict that Q2 will post 0.67 EPS for the current year.

Insider Buying and Selling at Q2

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares in the company, valued at approximately $8,396,165.36. The trade was a 5.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 15,005 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the transaction, the executive now directly owns 197,966 shares in the company, valued at approximately $14,673,239.92. This trade represents a 7.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock worth $14,853,965 in the last 90 days. 3.00% of the stock is owned by company insiders.

Institutional Trading of Q2

Large investors have recently added to or reduced their stakes in the stock. Highland Capital Management LLC grew its position in shares of Q2 by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after buying an additional 172 shares during the last quarter. Arizona State Retirement System grew 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 worth $1,761,000 after acquiring an additional 190 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company’s stock worth $620,000 after acquiring an additional 195 shares during the period. Moran Wealth Management LLC lifted its position in Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock valued at $817,000 after purchasing an additional 215 shares during the last quarter. Finally, Summit Global Investments boosted its stake in Q2 by 2.6% during the 1st quarter. Summit Global Investments now owns 9,902 shares of the technology company’s stock valued at $792,000 after purchasing an additional 255 shares during the period.

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.