Stifel Nicolaus Cuts Q2 (NYSE:QTWO) Price Target to $100.00

Q2 (NYSE:QTWO - Free Report) had its target price reduced by Stifel Nicolaus from $125.00 to $100.00 in a report published on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company's stock.

QTWO has been the topic of several other reports. Compass Point reissued a "neutral" rating and set a $60.00 price target on shares of Q2 in a research note on Monday, April 7th. Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Robert W. Baird reissued a "neutral" rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Royal Bank of Canada increased their target price on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.60.

Q2 Price Performance

QTWO traded up $1.38 on Tuesday, reaching $80.53. The company had a trading volume of 628,440 shares, compared to its average volume of 639,121. Q2 has a 52-week low of $55.97 and a 52-week high of $112.82. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -123.89 and a beta of 1.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The business has a 50 day simple moving average of $77.67 and a 200 day simple moving average of $90.14.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, sell-side analysts anticipate that Q2 will post 0.67 EPS for the current year.

Insider Buying and Selling

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now owns 113,278 shares in the company, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares of the company's stock, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock valued at $14,853,965 over the last quarter. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Highland Capital Management LLC increased its holdings in Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock valued at $279,000 after buying an additional 172 shares during the last quarter. Arizona State Retirement System grew its position in shares of Q2 by 1.1% during the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock valued at $1,761,000 after acquiring an additional 190 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock worth $620,000 after purchasing an additional 195 shares in the last quarter. Moran Wealth Management LLC raised its holdings in Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock worth $817,000 after purchasing an additional 215 shares during the period. Finally, Xponance Inc. lifted its position in Q2 by 5.1% during the first quarter. Xponance Inc. now owns 4,576 shares of the technology company's stock valued at $366,000 after purchasing an additional 224 shares in the last quarter.

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.