Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $95.36

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $95.3571.

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research note on Wednesday, October 8th. UBS Group set a $90.00 price objective on shares of Q2 in a report on Thursday, November 6th. Stifel Nicolaus decreased their target price on shares of Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Wall Street Zen upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald reduced their price target on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th.

Insiders Place Their Bets

In other Q2 news, insider Kirk L. Coleman sold 8,559 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total transaction of $630,627.12. Following the completion of the transaction, the insider directly owned 269,128 shares of the company’s stock, valued at approximately $19,829,351.04. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $75.46, for a total value of $386,581.58. Following the completion of the sale, the executive directly owned 166,512 shares in the company, valued at $12,564,995.52. This represents a 2.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 20,883 shares of company stock worth $1,547,778 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dakota Wealth Management grew its stake in shares of Q2 by 3.8% in the 2nd quarter. Dakota Wealth Management now owns 3,350 shares of the technology company’s stock worth $314,000 after purchasing an additional 123 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Q2 by 18.1% during the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $94,000 after purchasing an additional 154 shares during the last quarter. ANB Bank boosted its holdings in Q2 by 7.1% during the second quarter. ANB Bank now owns 2,710 shares of the technology company’s stock worth $254,000 after buying an additional 179 shares in the last quarter. Hilltop National Bank boosted its holdings in Q2 by 9.8% during the third quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock worth $150,000 after buying an additional 185 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in Q2 by 0.3% in the second quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after buying an additional 194 shares during the last quarter.

Q2 Trading Down 2.3%

NYSE QTWO opened at $69.89 on Tuesday. The company has a 50-day moving average price of $71.65 and a two-hundred day moving average price of $76.09. Q2 has a 52 week low of $58.57 and a 52 week high of $102.07. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 145.60 and a beta of 1.35.

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

Q2 Company Profile

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.