Shares of Q2 Holdings Inc (NYSE:QTWO) reached a new 52-week high on Tuesday . The stock traded as high as $72.46 and last traded at $71.83, with a volume of 7466 shares traded. The stock had previously closed at $70.03.

QTWO has been the topic of several research reports. DA Davidson lowered Q2 from a “neutral” rating to an “underperform” rating and raised their price target for the company from $48.00 to $52.00 in a research note on Friday, February 15th. William Blair initiated coverage on Q2 in a research note on Monday, April 1st. They set an “outperform” rating and a $69.71 price target on the stock. KeyCorp raised their price target on Q2 from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. BTIG Research lowered Q2 from a “buy” rating to a “neutral” rating in a research note on Thursday, February 14th. Finally, Royal Bank of Canada raised their price target on Q2 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Q2 has a consensus rating of “Buy” and an average target price of $68.35.

The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. The company has a market cap of $3.15 billion, a PE ratio of -198.30 and a beta of 1.54.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.10. Q2 had a negative return on equity of 12.18% and a negative net margin of 14.68%. The company had revenue of $67.20 million for the quarter, compared to analyst estimates of $66.77 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, analysts expect that Q2 Holdings Inc will post -0.63 earnings per share for the current fiscal year.

In other news, CEO Matthew P. Flake sold 30,000 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $59.85, for a total transaction of $1,795,500.00. Following the sale, the chief executive officer now owns 266,056 shares in the company, valued at $15,923,451.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Diehl sold 65,713 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $71.36, for a total value of $4,689,279.68. The disclosure for this sale can be found here. Insiders sold 695,689 shares of company stock worth $47,161,554 in the last quarter. 17.90% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. American International Group Inc. lifted its holdings in shares of Q2 by 1.4% during the fourth quarter. American International Group Inc. now owns 24,630 shares of the technology company’s stock worth $1,220,000 after purchasing an additional 333 shares during the period. Legal & General Group Plc lifted its holdings in shares of Q2 by 7.2% during the fourth quarter. Legal & General Group Plc now owns 14,078 shares of the technology company’s stock worth $698,000 after purchasing an additional 949 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Q2 by 33.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 4,203 shares of the technology company’s stock worth $201,000 after purchasing an additional 1,042 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Q2 by 6.7% during the third quarter. Allianz Asset Management GmbH now owns 20,319 shares of the technology company’s stock worth $1,230,000 after purchasing an additional 1,275 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Q2 by 33.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,565 shares of the technology company’s stock worth $277,000 after purchasing an additional 1,398 shares during the period. Institutional investors and hedge funds own 99.06% of the company’s stock.

WARNING: “Q2 (QTWO) Hits New 12-Month High at $72.46” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2019/04/25/q2-qtwo-hits-new-12-month-high-at-72-46.html.

About Q2 (NYSE:QTWO)

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

Featured Article: What are defining characteristics of a correction?

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.