By otakuyassine3@gmail.com 
Q2 (NYSE:QTWO – Free Report) had its price objective lifted by Stifel Nicolaus from $100.00 to $115.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.
A number of other research firms have also recently commented on QTWO. Royal Bank of Canada upped their price objective on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Stephens increased their price objective on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. DA Davidson boosted their target price on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.80.
Q2 Stock Performance
Shares of NYSE QTWO opened at $104.69 on Wednesday. The firm’s 50-day moving average price is $96.99 and its 200-day moving average price is $78.76. Q2 has a 52-week low of $39.66 and a 52-week high of $112.82. The company has a market cap of $6.32 billion, a PE ratio of -109.05 and a beta of 1.60. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.
Insiders Place Their Bets
In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now owns 337,643 shares in the company, valued at $35,931,968.06. The trade was a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Michael A. Volanoski sold 4,178 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the transaction, the executive now owns 223,494 shares of the company’s stock, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock worth $3,061,035 in the last three months. 3.00% of the stock is owned by company insiders.
Institutional Trading of Q2
Several hedge funds have recently modified their holdings of QTWO. Principal Financial Group Inc. grew its holdings in shares of Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock valued at $14,095,000 after purchasing an additional 49,233 shares in the last quarter. Franklin Resources Inc. lifted its position in Q2 by 17.5% during the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company’s stock valued at $3,888,000 after purchasing an additional 7,053 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Q2 by 48.7% in the 3rd quarter. Tidal Investments LLC now owns 10,646 shares of the technology company’s stock worth $849,000 after buying an additional 3,486 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Q2 by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock worth $107,963,000 after buying an additional 19,520 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Q2 by 104.0% during the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock valued at $13,012,000 after buying an additional 83,181 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.
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