Stifel Nicolaus Issues Positive Forecast for Q2 (NYSE:QTWO) Stock Price

Q2 (NYSE:QTWO) had its target price boosted by Stifel Nicolaus from $115.00 to $125.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Robert W. Baird reissued a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Piper Sandler upped their target price on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Needham & Company LLC increased their price target on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.13.

Q2 Stock Performance

QTWO opened at $92.82 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The stock’s fifty day moving average is $98.99 and its 200-day moving average is $88.08. Q2 has a one year low of $41.23 and a one year high of $112.82.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. On average, equities research analysts forecast that Q2 will post 0.08 EPS for the current year.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 548 shares of Q2 stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares in the company, valued at $1,914,392.95. The trade was a 2.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 4,178 shares of the business’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 value of $442,868.00. Following the completion of the sale, the executive now directly 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 valued at $3,061,035 in the last quarter. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

Several institutional investors and hedge funds have recently modified their holdings of the business. Versor Investments LP acquired a new position in Q2 during the third quarter worth $590,000. State Street Corp increased its holdings in shares of Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after acquiring an additional 5,000 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Q2 by 32.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after acquiring an additional 7,475 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Q2 by 61.8% in the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after acquiring an additional 42,433 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Q2 in the 3rd quarter worth approximately $1,227,000.

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.