Q2 (NYSE:QTWO) Given New $115.00 Price Target at Stifel Nicolaus

Q2 (NYSE:QTWO) had its target price raised by Stifel Nicolaus from $100.00 to $115.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts have also recently commented on the stock. Morgan Stanley lifted their target price on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Stephens lifted their price target on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Compass Point upped their price objective on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price target on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.80.

Q2 Stock Up 1.1 %

Shares of NYSE:QTWO opened at $103.51 on Wednesday. The business’s 50 day moving average is $96.06 and its 200 day moving average is $78.28. Q2 has a 12-month low of $39.66 and a 12-month high of $112.82. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of -107.82 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.

Insider Transactions at Q2

In other Q2 news, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total value of $543,652.76. Following the completion of the transaction, the executive now directly owns 218,371 shares of the company’s stock, valued at $23,173,530.52. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $1,109,747.76. Following the completion of the transaction, the president now directly owns 337,643 shares in the company, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 over the last three months. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP grew its stake in Q2 by 988.2% in the 3rd 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 holdings in shares of Q2 by 54.2% during the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the last quarter. International Assets Investment Management LLC grew its position in Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Q2 during the second quarter valued at about $153,000.

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.