Q2 (QTWO) – Investment Analysts’ Recent Ratings Changes

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A number of research firms have changed their ratings and price targets for Q2 (NYSE: QTWO):

  • 5/11/2019 – Q2 was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Q2 Holdings, Inc. provides secure, cloud-based virtual banking solutions. The Company’s solutions include Q2online, Q2themes, Q2mobility App, Q2mobile Remote Deposit Capture, Q2text, Q2voice, Q2clarity and Q2 Risk & Fraud Analytics. It enables regional and community financial institutions, or RCFIs, to deliver a suite of integrated virtual banking services. Q2 Holdings, Inc. is headquartered in Austin, Texas. “
  • 5/9/2019 – Q2 had its price target raised by analysts at Wells Fargo & Co from $75.00 to $80.00. They now have an “outperform” rating on the stock.
  • 5/9/2019 – Q2 had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $85.00 price target on the stock, up previously from $80.00.
  • 5/2/2019 – Q2 was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Q2 Holdings, Inc. provides secure, cloud-based virtual banking solutions. The Company’s solutions include Q2online, Q2themes, Q2mobility App, Q2mobile Remote Deposit Capture, Q2text, Q2voice, Q2clarity and Q2 Risk & Fraud Analytics. It enables regional and community financial institutions, or RCFIs, to deliver a suite of integrated virtual banking services. Q2 Holdings, Inc. is headquartered in Austin, Texas. “
  • 5/1/2019 – Q2 was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $87.00 price target on the stock. According to Zacks, “Q2 Holdings, Inc. provides secure, cloud-based virtual banking solutions. The Company’s solutions include Q2online, Q2themes, Q2mobility App, Q2mobile Remote Deposit Capture, Q2text, Q2voice, Q2clarity and Q2 Risk & Fraud Analytics. It enables regional and community financial institutions, or RCFIs, to deliver a suite of integrated virtual banking services. Q2 Holdings, Inc. is headquartered in Austin, Texas. “
  • 4/3/2019 – Q2 was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They now have a $73.00 price target on the stock, down previously from $76.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 4/1/2019 – Q2 is now covered by analysts at William Blair. They set an “outperform” rating and a $69.71 price target on the stock.

Shares of QTWO traded up $1.67 during mid-day trading on Thursday, reaching $74.04. 5,454 shares of the stock traded hands, compared to its average volume of 355,144. The firm has a market capitalization of $3.10 billion, a P/E ratio of -200.11 and a beta of 1.53. Q2 Holdings Inc has a 12-month low of $43.41 and a 12-month high of $76.08. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.40.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.21). The firm had revenue of $71.30 million for the quarter, compared to analysts’ expectations of $70.67 million. Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) EPS. Equities analysts expect that Q2 Holdings Inc will post -0.64 earnings per share for the current fiscal year.

In other Q2 news, insider William M. Furrer sold 11,133 shares of Q2 stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $65.20, for a total value of $725,871.60. Following the completion of the transaction, the insider now owns 66,174 shares of the company’s stock, valued at $4,314,544.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Adam D. Blue sold 5,025 shares of Q2 stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $64.98, for a total transaction of $326,524.50. Following the completion of the transaction, the chief technology officer now directly owns 60,823 shares of the company’s stock, valued at approximately $3,952,278.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 759,572 shares of company stock valued at $52,231,221. Insiders own 17.90% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Q2 by 32.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,239,978 shares of the technology company’s stock valued at $196,181,000 after purchasing an additional 798,614 shares during the period. BlackRock Inc. grew its stake in shares of Q2 by 9.4% in the 1st quarter. BlackRock Inc. now owns 2,936,416 shares of the technology company’s stock valued at $203,375,000 after buying an additional 253,305 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Q2 by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,601,464 shares of the technology company’s stock valued at $157,519,000 after buying an additional 106,651 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Q2 by 0.8% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,721,082 shares of the technology company’s stock valued at $119,202,000 after buying an additional 13,407 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Q2 by 9.7% in the 1st quarter. Macquarie Group Ltd. now owns 1,364,136 shares of the technology company’s stock valued at $94,480,000 after buying an additional 120,742 shares in the last quarter. Hedge funds and other institutional investors own 96.82% of the company’s stock.

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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