Q2 (NYSE:QTWO) Stock Rating Upgraded by Zacks Research

Q2 (NYSE:QTWO) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

QTWO has been the topic of a number of other research reports. UBS Group set a $90.00 price target on shares of Q2 in a research report on Thursday, November 6th. Stifel Nicolaus cut their target price on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Needham & Company LLC lowered their target price on Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada dropped their price target on Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald reduced their price objective on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.40.

Q2 Price Performance

Shares of QTWO stock opened at $71.57 on Wednesday. The stock has a market capitalization of $4.48 billion, a PE ratio of 149.10 and a beta of 1.48. The business’s 50 day simple moving average is $69.78 and its 200 day simple moving average is $80.15. Q2 has a one year low of $58.57 and a one year high of $112.82.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). Q2 had a return on equity of 10.92% and a net margin of 4.12%.The firm had revenue of $201.70 million during the quarter, compared to analyst estimates of $197.87 million. During the same quarter last year, the firm posted ($0.20) EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Q2 will post 0.67 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Michael S. Kerr sold 967 shares of Q2 stock in a transaction on Monday, September 15th. The shares were sold at an average price of $82.60, for a total value of $79,874.20. Following the completion of the sale, the general counsel owned 56,228 shares of the company’s stock, valued at approximately $4,644,432.80. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John E. Breeden sold 6,105 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider owned 149,643 shares of the company’s stock, valued at $11,263,628.61. This trade represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,713 shares of company stock valued at $592,376 in the last three months. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Glenmede Investment Management LP increased its position in shares of Q2 by 6.7% during the third quarter. Glenmede Investment Management LP now owns 7,865 shares of the technology company’s stock worth $569,000 after acquiring an additional 495 shares in the last quarter. Marshall Wace LLP boosted its stake in Q2 by 2,040.7% during the 3rd quarter. Marshall Wace LLP now owns 531,654 shares of the technology company’s stock valued at $38,486,000 after purchasing an additional 506,819 shares during the last quarter. UBS Group AG increased its holdings in Q2 by 343.5% during the 3rd quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock worth $73,110,000 after purchasing an additional 782,220 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Q2 by 32.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 209,055 shares of the technology company’s stock worth $15,133,000 after purchasing an additional 50,727 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Q2 by 6.4% in the third quarter. Mackenzie Financial Corp now owns 4,630 shares of the technology company’s stock worth $335,000 after purchasing an additional 280 shares during the last quarter.

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.