Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $74.00.

Several research firms have recently weighed in on QTWO. UBS Group set a $68.00 price target on Q2 in a research note on Friday. Morgan Stanley increased their price objective on Q2 from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday. Needham & Company LLC lifted their price objective on Q2 from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Robert W. Baird set a $74.00 target price on Q2 in a research report on Thursday, April 30th.

Q2 Stock Up 3.3%

Shares of QTWO opened at $61.00 on Friday. Q2 has a twelve month low of $40.79 and a twelve month high of $90.08. The company has a market capitalization of $3.80 billion, a P/E ratio of 43.57 and a beta of 1.33. The firm has a 50 day moving average of $49.57 and a 200 day moving average of $51.50.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Q2 had a return on equity of 17.04% and a net margin of 10.87%.The business had revenue of $219.77 million for the quarter, compared to analysts’ expectations of $216.86 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. On average, sell-side analysts expect that Q2 will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its holdings in Q2 by 35.0% in the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after purchasing an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Q2 by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock worth $2,803,000 after purchasing an additional 1,525 shares during the period. Goldman Sachs Group Inc. raised its stake in Q2 by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock valued at $43,023,000 after buying an additional 95,440 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Q2 by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock valued at $14,907,000 after buying an additional 6,909 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Q2 by 592.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after buying an additional 539 shares during the last quarter.

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.