Q2 (NYSE:QTWO) Hits New 1-Year High – Should You Buy?

Q2 Holdings, Inc. (NYSE:QTWO)’s share price hit a new 52-week high on Thursday . The stock traded as high as $105.14 and last traded at $104.85, with a volume of 217045 shares. The stock had previously closed at $101.44.

Analyst Ratings Changes

QTWO has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson upped their price target on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. The Goldman Sachs Group raised their price objective on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BTIG Research increased their target price on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Morgan Stanley boosted their price target on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Q2 Price Performance

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 50 day moving average of $85.41 and a two-hundred day moving average of $72.32.

Insider Activity

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. The trade was a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the sale, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,963 shares of company stock valued at $2,321,659. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Q2 in the 1st quarter valued at approximately $173,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Q2 by 25.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 20,341 shares of the technology company’s stock valued at $1,069,000 after acquiring an additional 4,090 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Q2 during the 1st quarter worth about $281,000. Natixis acquired a new position in Q2 in the 1st quarter valued at about $336,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Q2 by 1,910.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock valued at $37,832,000 after purchasing an additional 683,957 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.