Q2 (NYSE:QTWO) Price Target Raised to $93.00

Q2 (NYSE:QTWO) had its target price raised by Morgan Stanley from $89.00 to $93.00 in a report published on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

Several other research analysts have also recently issued reports on QTWO. Compass Point reiterated a “neutral” rating and set a $60.00 target price on shares of Q2 in a report on Monday, April 7th. Needham & Company LLC reduced their price objective on shares of Q2 from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Stephens reissued an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Raymond James raised their price target on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.80.

Q2 Trading Down 1.3 %

Shares of QTWO stock opened at $89.58 on Thursday. The company has a market cap of $5.58 billion, a PE ratio of -137.81 and a beta of 1.47. The stock’s 50 day simple moving average is $77.63 and its two-hundred day simple moving average is $90.19. Q2 has a 1 year low of $55.97 and a 1 year high of $112.82. 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 (NYSE:QTWO) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Research analysts predict that Q2 will post 0.67 earnings per share for the current year.

Insider Buying and Selling

In other Q2 news, CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the transaction, the chief executive officer now owns 485,666 shares of the company’s stock, valued at $39,023,263.10. This represents a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,858 shares of company stock worth $14,853,965 in the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of hedge funds have recently modified their holdings of QTWO. William Blair Investment Management LLC purchased a new stake in Q2 during the 4th quarter valued at about $202,645,000. Conestoga Capital Advisors LLC grew its position in shares of Q2 by 1.6% in the first quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company’s stock valued at $156,651,000 after purchasing an additional 30,480 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Q2 by 28.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock valued at $137,948,000 after purchasing an additional 378,394 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Q2 by 11.2% during the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after acquiring an additional 152,872 shares during the period. Finally, Geode Capital Management LLC raised its stake in Q2 by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after purchasing an additional 36,025 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.