Q2 (NYSE:QTWO) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Q2 (NYSE:QTWO) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

A number of other equities analysts have also recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Q2 from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Robert W. Baird upped their price target on shares of Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Citigroup upped their price target on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Raymond James lowered their price target on shares of Q2 from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.80.

Q2 Trading Up 0.9%

Shares of QTWO stock opened at $87.55 on Friday. The business’s fifty day moving average price is $81.15 and its 200 day moving average price is $89.99. The firm has a market capitalization of $5.45 billion, a PE ratio of -134.69 and a beta of 1.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 has a 1-year low of $55.97 and a 1-year high of $112.82.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total transaction of $87,770.00. Following the sale, the director now owns 16,241 shares in the company, valued at approximately $1,425,472.57. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total transaction of $36,881.30. Following the sale, the general counsel now owns 58,441 shares in the company, valued at approximately $5,429,168.90. This trade represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 194,255 shares of company stock worth $14,890,656 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Q2

A number of hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its position in Q2 by 2.3% during the first quarter. Invesco Ltd. now owns 2,675,224 shares of the technology company’s stock worth $214,045,000 after acquiring an additional 60,958 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Q2 during the fourth quarter worth approximately $202,645,000. Conestoga Capital Advisors LLC boosted its position in Q2 by 1.6% during the first quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company’s stock worth $156,651,000 after acquiring an additional 30,480 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Q2 by 28.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock worth $137,948,000 after acquiring an additional 378,394 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after purchasing an additional 152,872 shares during the period.

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.