Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Q2 Holdings, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with eight holding and ten buying recommendations.
• The average 12-month price target for Q2 Holdings among analysts is $101.06, reflecting a positive outlook despite a recent stock price of $73.64.
• Insider transactions revealed that Q2 executives have reduced their positions slightly, with shares sold by General Counsel and CRO totaling over $163,800 in value.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) has received an average rating of "Moderate Buy" from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $101.0588.

QTWO has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price objective on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Royal Bank Of Canada lifted their price objective on shares of Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Morgan Stanley lifted their price objective on shares of Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. started coverage on Q2 in a research note on Wednesday, June 18th. They set an "overweight" rating and a $115.00 target price on the stock.

Insider Buying and Selling

In other news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the sale, the executive owned 175,812 shares of the company's stock, valued at approximately $15,626,170.56. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total value of $87,770.00. Following the sale, the director directly owned 16,241 shares of the company's stock, valued at approximately $1,425,472.57. This trade represents a 5.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,594 shares of company stock valued at $320,272. Insiders own 3.00% of the company's stock.

Institutional Trading of Q2

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Q2 in the fourth quarter worth $18,271,000. Rhumbline Advisers lifted its stake in Q2 by 6.9% in the first quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock worth $6,987,000 after acquiring an additional 5,672 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Q2 in the fourth quarter worth $140,000. Mariner LLC lifted its stake in Q2 by 36.2% in the fourth quarter. Mariner LLC now owns 3,644 shares of the technology company's stock worth $367,000 after acquiring an additional 968 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Q2 by 377.9% in the first quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock worth $977,000 after acquiring an additional 9,658 shares during the period.

Q2 Trading Up 1.1%

NYSE QTWO traded up $0.81 during mid-day trading on Friday, hitting $75.95. The company's stock had a trading volume of 139,089 shares, compared to its average volume of 706,168. The company's 50 day simple moving average is $88.25 and its 200 day simple moving average is $85.22. Q2 has a twelve month low of $63.61 and a twelve month high of $112.82. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 1,520.40 and a beta of 1.47.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.