Stifel Nicolaus Lowers Q2 (NYSE:QTWO) Price Target to $100.00

Q2 (NYSE:QTWO) had its price objective trimmed by Stifel Nicolaus from $125.00 to $100.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities analysts also recently commented on QTWO. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Compass Point reiterated a “neutral” rating and set a $60.00 target price on shares of Q2 in a research report on Monday, April 7th. Royal Bank of Canada increased their price target on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Citigroup lifted their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.60.

Q2 Trading Up 1.7 %

NYSE QTWO opened at $80.03 on Tuesday. The firm’s fifty day moving average price is $78.07 and its 200 day moving average price is $90.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 has a 12 month low of $50.91 and a 12 month high of $112.82. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of -123.12 and a beta of 1.61.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, sell-side analysts expect that Q2 will post 0.67 earnings per share for the current fiscal year.

Insider Activity at Q2

In other news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Q2

Hedge funds and other institutional investors have recently modified their holdings of the stock. Highland Capital Management LLC lifted its position in shares of Q2 by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after buying an additional 172 shares during the last quarter. Arizona State Retirement System grew its position in Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after buying an additional 190 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Q2 by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company’s stock valued at $620,000 after acquiring an additional 195 shares during the period. Moran Wealth Management LLC increased its position in shares of Q2 by 2.7% during 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 period. Finally, Summit Global Investments grew its holdings in Q2 by 2.6% during the first quarter. Summit Global Investments now owns 9,902 shares of the technology company’s stock worth $792,000 after acquiring an additional 255 shares during the period.

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.