Q2 (NYSE:QTWO) Downgraded to Hold Rating by Baird R W

Baird R W lowered shares of Q2 (NYSE:QTWO) from a strong-buy rating to a hold rating in a research note released on Friday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on QTWO. The Goldman Sachs Group lifted their price objective on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC lifted their price target on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price objective on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Compass Point boosted their target price on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Stephens upped their price target on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Q2 Stock Down 11.0 %

QTWO stock opened at $88.88 on Friday. The company’s 50 day moving average price is $102.29 and its 200 day moving average price is $83.12. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of -92.58 and a beta of 1.61. Q2 has a fifty-two week low of $40.60 and a fifty-two week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Insiders Place Their Bets

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction that occurred 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 transaction, the president now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Q2

Several hedge funds have recently bought and sold shares of QTWO. Versor Investments LP purchased a new position in shares of Q2 during the 3rd quarter worth approximately $590,000. Perpetual Ltd purchased a new stake in Q2 during the 3rd quarter worth about $80,788,000. BNP Paribas Financial Markets raised its stake in Q2 by 32.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after purchasing an additional 7,475 shares during the last quarter. State Street Corp lifted its holdings in Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Q2 during the 3rd quarter worth about $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.