Q2 (NYSE:QTWO) Hits New 1-Year High at $89.99

Q2 Holdings Inc (NYSE:QTWO)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $89.99 and last traded at $89.69, with a volume of 66056 shares trading hands. The stock had previously closed at $88.10.

Several equities analysts recently weighed in on QTWO shares. BTIG Research restated a “hold” rating on shares of Q2 in a report on Sunday. Craig Hallum reissued a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Q2 in a research report on Thursday, May 9th. SunTrust Banks boosted their price objective on shares of Q2 from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of Q2 from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Q2 from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $79.75.

The company has a 50 day moving average of $79.75. The company has a market capitalization of $4.20 billion, a P/E ratio of -242.70 and a beta of 1.38. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08.



Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. The company had revenue of $77.60 million during the quarter, compared to analyst estimates of $76.10 million. Q2 had a negative net margin of 20.73% and a negative return on equity of 18.28%. The business’s revenue for the quarter was up 32.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. On average, research analysts expect that Q2 Holdings Inc will post -0.65 earnings per share for the current year.

In other news, insider Adam D. Blue sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $73.38, for a total value of $1,100,700.00. Following the completion of the sale, the insider now directly owns 81,442 shares of the company’s stock, valued at approximately $5,976,213.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew P. Flake sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $69.50, for a total transaction of $8,340,000.00. Following the completion of the sale, the insider now directly owns 298,999 shares of the company’s stock, valued at $20,780,430.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 480,537 shares of company stock valued at $35,941,718. Company insiders own 12.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC raised its holdings in shares of Q2 by 1.4% during the first quarter. Champlain Investment Partners LLC now owns 1,270,670 shares of the technology company’s stock valued at $88,007,000 after acquiring an additional 17,400 shares during the period. Bank of America Corp DE increased its stake in Q2 by 4.1% in the 4th quarter. Bank of America Corp DE now owns 96,851 shares of the technology company’s stock valued at $4,800,000 after buying an additional 3,838 shares during the period. Coronation Fund Managers Ltd. acquired a new position in Q2 in the 1st quarter valued at approximately $2,176,000. Trexquant Investment LP increased its stake in Q2 by 103.8% in the 1st quarter. Trexquant Investment LP now owns 15,735 shares of the technology company’s stock valued at $1,090,000 after buying an additional 8,016 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Q2 by 2.2% during the 1st quarter. Rhumbline Advisers now owns 50,232 shares of the technology company’s stock worth $3,479,000 after purchasing an additional 1,096 shares during the last quarter. 99.30% of the stock is owned by institutional investors and hedge funds.

Q2 Company Profile (NYSE:QTWO)

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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