Q2 Holdings, Inc. (NYSE:QTWO) Receives $74.00 Consensus PT from Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $74.00.

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Q2 from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Q2 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of Q2 from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, June 22nd. DA Davidson restated a “buy” rating and set a $82.00 price target on shares of Q2 in a report on Thursday, July 23rd. Finally, UBS Group set a $68.00 price target on shares of Q2 in a report on Friday, July 31st.

Insider Buying and Selling at Q2

In other Q2 news, insider Kimberly Anne Rutledge sold 10,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.07, for a total transaction of $630,700.00. Following the transaction, the insider directly owned 113,913 shares of the company’s stock, valued at $7,184,492.91. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan Price sold 77,180 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $65.71, for a total value of $5,071,497.80. Following the transaction, the chief financial officer owned 207,633 shares in the company, valued at approximately $13,643,564.43. This trade represents a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in Q2 by 35.0% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 acquiring an additional 1,525 shares during the period. Goldman Sachs Group Inc. lifted its position in Q2 by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock worth $43,023,000 after acquiring an additional 95,440 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Q2 by 3.9% during the first 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 acquiring an additional 6,909 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Q2 by 592.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after purchasing an additional 539 shares during the last quarter.

Q2 Trading Down 0.2%

Shares of NYSE:QTWO opened at $63.71 on Wednesday. Q2 has a 1 year low of $40.79 and a 1 year high of $85.19. The business has a fifty day simple moving average of $54.93 and a 200 day simple moving average of $51.24. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 45.51 and a beta of 1.30.

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 analysts’ consensus estimates of $0.68 by $0.02. Q2 had a return on equity of 17.04% and a net margin of 10.87%.The firm had revenue of $219.77 million during the quarter, compared to analysts’ expectations of $216.86 million. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, sell-side analysts forecast that Q2 will post 1.84 EPS for the current year.

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.