Q2 (NYSE:QTWO) Downgraded by ValuEngine to Hold

ValuEngine cut shares of Q2 (NYSE:QTWO) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Several other analysts have also commented on the stock. Morgan Stanley reissued an overweight rating and set a $90.00 target price on shares of Q2 in a research note on Monday, October 28th. Compass Point began coverage on shares of Q2 in a research report on Tuesday, August 13th. They issued a buy rating and a $105.00 price target on the stock. Stifel Nicolaus upped their price target on Q2 from $74.00 to $82.00 and gave the company a buy rating in a report on Thursday, August 8th. SunTrust Banks increased their price objective on Q2 from $84.00 to $100.00 and gave the company a buy rating in a research report on Friday, August 9th. Finally, Roth Capital raised Q2 from a neutral rating to a buy rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $85.46.

NYSE:QTWO opened at $82.75 on Tuesday. The company has a quick ratio of 5.93, a current ratio of 5.93 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $75.70 and its 200 day moving average price is $78.49. Q2 has a 52-week low of $43.41 and a 52-week high of $93.63. The firm has a market cap of $4.07 billion, a P/E ratio of -223.65 and a beta of 1.24.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.22. Q2 had a negative net margin of 22.67% and a negative return on equity of 12.11%. The company had revenue of $79.70 million during the quarter, compared to the consensus estimate of $79.26 million. During the same period in the prior year, the company earned $0.09 EPS. Q2’s revenue was up 31.6% on a year-over-year basis. Sell-side analysts expect that Q2 will post -0.72 EPS for the current year.

In other news, CEO Matthew P. Flake sold 25,000 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $79.00, for a total value of $1,975,000.00. Following the transaction, the chief executive officer now owns 323,999 shares in the company, valued at approximately $25,595,921. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jennifer Noel Harris sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $80.92, for a total transaction of $1,213,800.00. Following the completion of the sale, the chief financial officer now directly owns 129,865 shares of the company’s stock, valued at $10,508,675.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 254,556 shares of company stock worth $19,805,325. Company insiders own 12.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. acquired a new position in Q2 in the 2nd quarter valued at approximately $2,420,000. Strs Ohio lifted its position in Q2 by 76.2% in the 2nd quarter. Strs Ohio now owns 3,700 shares of the technology company’s stock worth $282,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Q2 by 45.9% during the 2nd quarter. SG Americas Securities LLC now owns 16,606 shares of the technology company’s stock valued at $1,268,000 after buying an additional 5,223 shares during the period. First Trust Advisors LP boosted its stake in shares of Q2 by 480.8% during the 2nd quarter. First Trust Advisors LP now owns 306,783 shares of the technology company’s stock valued at $23,426,000 after buying an additional 253,966 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Q2 by 13.7% during the 2nd quarter. Janus Henderson Group PLC now owns 477,077 shares of the technology company’s stock valued at $36,430,000 after buying an additional 57,373 shares during the period.

About Q2

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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