Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Rating of “Moderate Buy” by Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $74.00.

QTWO has been the subject of several analyst reports. Morgan Stanley upped their target price on Q2 from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. UBS Group set a $68.00 price target on Q2 in a research note on Friday, July 31st. Needham & Company LLC lifted their price target on Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price objective on shares of Q2 from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, June 22nd. Finally, Robert W. Baird set a $74.00 price objective on shares of Q2 in a report on Thursday, April 30th.

Insider Buying and Selling

In other Q2 news, insider Kimberly Anne Rutledge sold 10,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.07, for a total transaction of $630,700.00. Following the transaction, the insider owned 113,913 shares of the company’s stock, valued at $7,184,492.91. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan Price sold 77,180 shares of Q2 stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $65.71, for a total transaction of $5,071,497.80. Following the completion of the transaction, the chief financial officer owned 207,633 shares in the company, valued at approximately $13,643,564.43. This trade represents a 27.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. William Blair Investment Management LLC increased its position in Q2 by 25.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock worth $194,451,000 after purchasing an additional 553,713 shares in the last quarter. Peregrine Capital Management LLC lifted its position in Q2 by 48.7% during the fourth quarter. Peregrine Capital Management LLC now owns 143,243 shares of the technology company’s stock valued at $10,336,000 after buying an additional 46,903 shares in the last quarter. Vanguard Group Inc. lifted its position in Q2 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after buying an additional 82,827 shares in the last quarter. Entropy Technologies LP lifted its position in Q2 by 864.9% during the first quarter. Entropy Technologies LP now owns 26,902 shares of the technology company’s stock valued at $1,272,000 after buying an additional 24,114 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Q2 during the fourth quarter worth approximately $3,080,000.

Q2 Stock Performance

Shares of NYSE QTWO opened at $63.71 on Wednesday. The firm has a market cap of $3.97 billion, a P/E ratio of 45.51 and a beta of 1.30. Q2 has a 1 year low of $40.79 and a 1 year high of $85.19. The firm’s 50 day moving average price is $54.93 and its 200 day moving average price is $51.18.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Q2 had a return on equity of 17.04% and a net margin of 10.87%.The company had revenue of $219.77 million during the quarter, compared to the consensus estimate of $216.86 million. During the same period in the previous year, the firm posted $0.18 EPS. Q2’s revenue was up 12.6% on a year-over-year basis. As a group, equities analysts predict that Q2 will post 1.84 EPS for the current year.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.