Q2’s (QTWO) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Q2 (NYSE:QTWO) in a report released on Friday, MarketBeat Ratings reports. They currently have a $99.00 price target on the technology company’s stock, up from their prior price target of $89.00.

Other equities analysts have also issued reports about the company. Royal Bank of Canada upped their target price on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Compass Point lifted their price objective on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price target on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Needham & Company LLC boosted their target price on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their target price on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.07.

Q2 Stock Down 11.0 %

Shares of NYSE:QTWO opened at $88.88 on Friday. The business’s 50 day simple moving average is $102.29 and its two-hundred day simple moving average is $83.47. Q2 has a 52-week low of $40.60 and a 52-week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The firm has a market cap of $5.37 billion, a P/E ratio of -92.58 and a beta of 1.61.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 4,178 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the transaction, the executive now owns 223,494 shares of the company’s stock, valued at approximately $23,690,364. This trade represents a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 548 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

A number of hedge funds have recently bought and sold shares of the company. Quarry LP lifted its stake in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares in the last quarter. CWM LLC lifted its position in Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after acquiring an additional 961 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares in the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Q2 in the fourth quarter worth $203,000.

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.