Q2 (NYSE:QTWO) Price Target Raised to $115.00

Q2 (NYSE:QTWO) had its price objective lifted by equities research analysts at Stifel Nicolaus from $100.00 to $115.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 11.59% from the company’s current price.

Several other analysts have also recently commented on the company. The Goldman Sachs Group raised their price target on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Compass Point increased their price target on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BTIG Research boosted their price objective on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Needham & Company LLC lifted 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. Finally, Royal Bank of Canada upped their price target on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.80.

Q2 Trading Up 0.7 %

Shares of Q2 stock opened at $103.06 on Wednesday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of -107.35 and a beta of 1.60. Q2 has a 52-week low of $39.66 and a 52-week high of $112.82. The company’s 50-day simple moving average is $96.53 and its 200-day simple moving average is $78.45.

Insider Activity at Q2

In other Q2 news, Director James Offerdahl sold 548 shares of Q2 stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was 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 of the company’s stock, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its holdings in shares of Q2 by 1.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after purchasing an additional 34,300 shares during the period. State Street Corp raised its holdings in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC lifted its position in Q2 by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after buying an additional 19,520 shares in the last quarter. Hood River Capital Management LLC grew its stake in Q2 by 5.7% during the second quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after buying an additional 67,757 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Q2 by 5,990.6% in the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after acquiring an additional 1,190,274 shares in the last quarter.

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.