Q2 (NYSE:QTWO) Hits New 1-Year Low – Here’s What Happened

Q2 Holdings, Inc. (NYSE:QTWO) shares hit a new 52-week low on Tuesday . The stock traded as low as $43.59 and last traded at $45.1290, with a volume of 36135 shares traded. The stock had previously closed at $44.82.

Wall Street Analysts Forecast Growth

QTWO has been the subject of several research reports. Royal Bank Of Canada lowered their price objective on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, February 12th. Robert W. Baird set a $74.00 target price on shares of Q2 in a report on Thursday, April 30th. UBS Group set a $77.00 target price on shares of Q2 in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Q2 from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Q2 currently has an average rating of “Moderate Buy” and a consensus price target of $75.27.

Q2 Stock Down 0.6%

The firm has a market cap of $2.76 billion, a PE ratio of 39.41 and a beta of 1.34. The company’s 50 day moving average price is $47.99 and its two-hundred day moving average price is $57.10.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Q2 had a net margin of 8.99% and a return on equity of 14.68%. The firm had revenue of $216.51 million during the quarter, compared to analysts’ expectations of $214.40 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. On average, analysts expect that Q2 Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of Q2

Institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in Q2 by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after acquiring an additional 194 shares during the period. Maryland State Retirement & Pension System grew its position in Q2 by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 9,174 shares of the technology company’s stock valued at $662,000 after acquiring an additional 197 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Q2 by 1.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,300 shares of the technology company’s stock valued at $1,032,000 after acquiring an additional 200 shares during the last quarter. Advisors Asset Management Inc. grew its position in Q2 by 35.0% in the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after acquiring an additional 220 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Q2 in the 2nd quarter valued at $26,000.

Q2 Company Profile

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.