Q2 Holdings, Inc. (NYSE:QTWO) Receives $79.29 Consensus PT from Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $79.2857.

Several equities research analysts have issued reports on the company. Cantor Fitzgerald dropped their price target on Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Zacks Research upgraded Q2 from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. UBS Group set a $67.00 price target on shares of Q2 in a research report on Thursday, February 12th. DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, February 3rd. Finally, Needham & Company LLC cut their price objective on shares of Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, February 12th.

Insiders Place Their Bets

In other news, COO Himagiri K. Mukkamala sold 3,024 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $222,808.32. Following the completion of the sale, the chief operating officer owned 96,046 shares of the company’s stock, valued at approximately $7,076,669.28. The trade was a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kirk L. Coleman sold 8,559 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $630,627.12. Following the sale, the insider owned 269,128 shares of the company’s stock, valued at $19,829,351.04. This represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,883 shares of company stock valued at $1,547,778 over the last three months. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in Q2 by 502.5% during the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock valued at $21,856,000 after buying an additional 251,807 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Q2 during the third quarter valued at about $1,559,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Q2 by 15.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,328 shares of the technology company’s stock worth $14,818,000 after purchasing an additional 20,643 shares during the period. Federated Hermes Inc. grew its stake in shares of Q2 by 5.5% in the third quarter. Federated Hermes Inc. now owns 788,374 shares of the technology company’s stock worth $57,070,000 after purchasing an additional 41,229 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Q2 by 53.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock valued at $3,378,000 after purchasing an additional 16,263 shares during the period.

Q2 Price Performance

Shares of NYSE:QTWO opened at $50.62 on Wednesday. The company’s fifty day moving average price is $61.86 and its 200-day moving average price is $68.31. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 64.08 and a beta of 1.40. Q2 has a one year low of $46.16 and a one year high of $96.68.

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.