Stifel Nicolaus Issues Positive Forecast for Q2 (NYSE:QTWO) Stock Price

Q2 (NYSE:QTWO) had its target price raised by Stifel Nicolaus from $100.00 to $115.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other analysts have also issued reports on the stock. Needham & Company LLC increased their price target on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. DA Davidson lifted their price target on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. BTIG Research upped their price objective on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Morgan Stanley lifted their target price on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.80.

Q2 Stock Up 1.1 %

Shares of NYSE QTWO opened at $103.51 on Wednesday. Q2 has a 52 week low of $39.66 and a 52 week high of $112.82. The stock’s fifty day moving average is $96.06 and its 200 day moving average is $78.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The stock has a market capitalization of $6.25 billion, a P/E ratio of -107.82 and a beta of 1.60.

Insider Buying and Selling

In other Q2 news, President Kirk L. Coleman sold 8,559 shares of Q2 stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $907,254.00. Following the completion of the sale, the president now directly owns 340,903 shares in the company, valued at approximately $36,135,718. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 548 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now owns 18,241 shares in the company, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock valued at $3,061,035 in the last three months. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC grew its stake in Q2 by 1.5% in the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock valued at $184,125,000 after acquiring an additional 34,300 shares during the period. State Street Corp lifted its holdings in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC grew its position in Q2 by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after purchasing an additional 19,520 shares during the period. Hood River Capital Management LLC increased its stake in Q2 by 5.7% during the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock valued at $76,132,000 after purchasing an additional 67,757 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Q2 by 5,990.6% during the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock valued at $73,008,000 after purchasing an additional 1,190,274 shares in 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.