Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) PT at $73.45

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $73.4545.

Several research analysts recently issued reports on QTWO shares. Morgan Stanley set a $63.00 price target on shares of Q2 in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Q2 from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a report on Tuesday, April 21st. UBS Group set a $77.00 target price on shares of Q2 in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $74.00 target price on shares of Q2 in a report on Thursday, April 30th.

Q2 Stock Down 0.5%

QTWO opened at $52.37 on Tuesday. Q2 has a 52 week low of $40.79 and a 52 week high of $95.10. The stock has a market cap of $3.28 billion, a PE ratio of 46.76 and a beta of 1.33. The business has a 50 day moving average of $46.86 and a 200-day moving average of $53.99.

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

Institutional Investors Weigh In On Q2

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

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.