Robert W. Baird Reaffirms “Neutral” Rating for Q2 (NYSE:QTWO)

Q2 (NYSE:QTWO)‘s stock had its “neutral” rating reaffirmed by research analysts at Robert W. Baird in a research note issued to investors on Friday,Benzinga reports. They presently have a $99.00 price objective on the technology company’s stock, up from their previous price objective of $89.00. Robert W. Baird’s price target would suggest a potential downside of 0.97% from the stock’s current price.

QTWO has been the topic of a number of other research reports. 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, December 18th. Needham & Company LLC increased their price objective on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Compass Point lifted their target price on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and upped their price target for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Finally, Stephens lifted their price objective on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $98.07.

Q2 Stock Up 1.5 %

Shares of QTWO opened at $99.97 on Friday. The firm has a market cap of $6.04 billion, a P/E ratio of -104.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. Q2 has a 52 week low of $40.60 and a 52 week high of $112.82. The firm’s 50-day simple moving average is $102.21 and its 200 day simple moving average is $82.91.

Insiders Place Their Bets

In other Q2 news, Director James Offerdahl sold 548 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of the 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 owns 218,371 shares of the company’s stock, valued at $23,173,530.52. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock worth $3,061,035 over the last three months. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Parallax Volatility Advisers L.P. grew its holdings in shares of Q2 by 5.5% during the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after purchasing an additional 288 shares during the last quarter. Quarry LP boosted its position in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares during the period. Arizona State Retirement System grew its holdings in Q2 by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock worth $998,000 after acquiring an additional 423 shares during the last quarter. King Luther Capital Management Corp increased its position in Q2 by 0.4% in the 3rd quarter. King Luther Capital Management Corp now owns 140,700 shares of the technology company’s stock valued at $11,224,000 after acquiring an additional 604 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of Q2 by 12.1% during the third quarter. Quadrature Capital Ltd now owns 6,446 shares of the technology company’s stock valued at $514,000 after acquiring an additional 698 shares during the last quarter.

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.