Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) PT at $93.57

Q2 Holdings, Inc. (NYSE:QTWO) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $93.5714.

QTWO has been the subject of a number of research analyst reports. Stephens set a $90.00 price target on Q2 in a report on Friday, January 16th. UBS Group set a $90.00 target price on shares of Q2 in a research report on Thursday, November 6th. Cantor Fitzgerald lowered their target price 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a research report on Thursday, January 22nd. Finally, Zacks Research lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th.

Insider Buying and Selling at Q2

In related news, 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 sale, the executive owned 166,512 shares in the company, valued at approximately $12,564,995.52. The trade was a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $630,627.12. Following the transaction, the insider owned 269,128 shares of the company’s stock, valued at $19,829,351.04. This trade represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,883 shares of company stock valued at $1,547,778 over the last quarter. 3.00% of the stock is owned by company insiders.

Institutional Trading of Q2

Institutional investors and hedge funds have recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC acquired a new position in shares of Q2 during the third quarter worth $1,559,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Q2 by 15.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,328 shares of the technology company’s stock valued at $14,818,000 after buying an additional 20,643 shares in the last quarter. Castleark Management LLC purchased a new stake in Q2 during the 2nd quarter worth about $5,341,000. Louisiana State Employees Retirement System purchased a new stake in Q2 during the 3rd quarter worth about $2,078,000. Finally, Pembroke Management LTD boosted its position in shares of Q2 by 23.5% during the 3rd quarter. Pembroke Management LTD now owns 308,521 shares of the technology company’s stock worth $22,334,000 after acquiring an additional 58,625 shares in the last quarter.

Q2 Price Performance

Shares of QTWO stock opened at $60.54 on Friday. The company has a market capitalization of $3.79 billion, a PE ratio of 126.12 and a beta of 1.36. The firm’s 50-day moving average is $70.64 and its two-hundred day moving average is $72.68. Q2 has a 12 month low of $58.57 and a 12 month high of $102.07.

Q2 (NYSE:QTWO) last announced 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 for the quarter, compared to analyst estimates of $197.87 million. During the same quarter in the prior year, the business earned ($0.20) EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Sell-side analysts forecast that Q2 will post 0.67 EPS for the current year.

About Q2

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.