Q2 (NYSE:QTWO) Upgraded 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 analysts also recently issued reports on the company. Royal Bank Of Canada cut their target price on Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a research note on Thursday, February 12th. Needham & Company LLC cut their target price on Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Stifel Nicolaus set a $75.00 price target on Q2 in a report on Thursday, February 12th. Morgan Stanley set a $68.00 price target on Q2 in a report on Thursday, February 12th. Finally, Stephens set a $90.00 price target on Q2 in a report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and an average price target of $78.67.

Q2 Stock Up 2.1%

Shares of QTWO opened at $48.72 on Friday. Q2 has a 52-week low of $44.65 and a 52-week high of $96.68. The company has a market capitalization of $3.04 billion, a PE ratio of 61.67 and a beta of 1.42. The stock has a fifty day simple moving average of $51.73 and a two-hundred day simple moving average of $63.11.

Insider Buying and Selling at Q2

In other news, insider John E. Breeden sold 68,707 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $51.73, for a total transaction of $3,554,213.11. Following the completion of the transaction, the insider directly owned 90,312 shares in the company, valued at approximately $4,671,839.76. This represents a 43.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Anne Rutledge sold 20,948 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $51.66, for a total value of $1,082,173.68. Following the transaction, the insider owned 88,078 shares of the company’s stock, valued at approximately $4,550,109.48. This represents a 19.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 411,087 shares of company stock worth $20,702,472. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Q2

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in Q2 during the 2nd quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in Q2 during the 3rd quarter valued at about $26,000. Cullen Frost Bankers Inc. purchased a new position in Q2 during the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Q2 during the 4th quarter valued at about $27,000. Finally, Salomon & Ludwin LLC purchased a new position in Q2 during the 3rd quarter valued at about $30,000.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.