Q2 (NYSE:QTWO) Hits New 12-Month High at $76.54

Q2 Holdings, Inc. (NYSE:QTWO) reached a new 52-week high during trading on Tuesday . The company traded as high as $76.54 and last traded at $76.31, with a volume of 141638 shares changing hands. The stock had previously closed at $74.61.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of recent analyst reports. Compass Point started coverage on shares of Q2 in a research report on Wednesday, September 4th. They set a “buy” rating and a $91.00 price target for the company. Royal Bank of Canada boosted their target price on Q2 from $60.00 to $76.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. DA Davidson cut Q2 from a “buy” rating to a “neutral” rating and upped their price target for the stock from $65.00 to $76.00 in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial reissued a “buy” rating and set a $78.00 target price (up previously from $68.00) on shares of Q2 in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.38.

Q2 Stock Performance

The company has a market capitalization of $4.58 billion, a PE ratio of -55.27 and a beta of 1.58. The stock’s 50-day simple moving average is $69.95 and its 200 day simple moving average is $60.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, July 31st. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $172.89 million during the quarter, compared to analysts’ expectations of $170.67 million. Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. As a group, research analysts expect that Q2 Holdings, Inc. will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the sale, the executive now owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the transaction, the executive now owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey T. Diehl sold 28,005 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $75.25, for a total value of $2,107,376.25. Following the completion of the sale, the director now directly owns 397,702 shares of the company’s stock, valued at $29,927,075.50. The disclosure for this sale can be found here. Insiders sold a total of 54,916 shares of company stock worth $3,896,644 over the last 90 days. 3.60% of the stock is owned by insiders.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently bought and sold shares of QTWO. Nordea Investment Management AB increased its stake in Q2 by 45.2% in the first quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock valued at $3,456,000 after purchasing an additional 20,195 shares during the period. Jennison Associates LLC grew its holdings in shares of Q2 by 14.6% during the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after buying an additional 235,582 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Q2 by 67.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock valued at $2,908,000 after acquiring an additional 22,400 shares during the period. PEAK6 Investments LLC raised its stake in Q2 by 68.8% during the 4th quarter. PEAK6 Investments LLC now owns 69,205 shares of the technology company’s stock valued at $3,004,000 after acquiring an additional 28,215 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Q2 by 67.4% during the 4th quarter. Principal Financial Group Inc. now owns 39,605 shares of the technology company’s stock worth $1,719,000 after acquiring an additional 15,942 shares during the period.

Q2 Company Profile

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.