Q2 (NYSE:QTWO) Now Covered by Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. began coverage on shares of Q2 (NYSE:QTWO - Get Free Report) in a research note issued on Wednesday,Benzinga reports. The firm set an "overweight" rating and a $115.00 price target on the technology company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 33.83% from the company's current price.

A number of other analysts also recently weighed in on QTWO. Stifel Nicolaus increased their price objective on Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Raymond James Financial lowered their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Compass Point reiterated a "neutral" rating and issued a $60.00 target price on shares of Q2 in a report on Monday, April 7th. Cantor Fitzgerald started coverage on shares of Q2 in a report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price target for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $100.41.

Q2 Trading Down 2.2%

QTWO opened at $85.93 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. Q2 has a fifty-two week low of $55.97 and a fifty-two week high of $112.82. The company's 50 day moving average price is $84.11 and its two-hundred day moving average price is $88.84. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of -245.52 and a beta of 1.48.

Insider Activity

In other news, CEO Matthew P. Flake sold 36,023 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the transaction, the chief executive officer now directly owns 485,666 shares of the company's stock, valued at $39,023,263.10. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the transaction, the general counsel now directly owns 58,441 shares in the company, valued at approximately $5,429,168.90. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,014 shares of company stock worth $3,251,601 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Q2

Hedge funds have recently modified their holdings of the stock. William Blair Investment Management LLC purchased a new stake in shares of Q2 during the fourth quarter worth $202,645,000. Assenagon Asset Management S.A. raised its position in shares of Q2 by 1,043.1% in the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company's stock worth $76,408,000 after buying an additional 871,437 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Q2 by 107.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after buying an additional 698,464 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Q2 by 732.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock worth $75,025,000 after buying an additional 655,838 shares in the last quarter. Finally, Nuveen LLC bought a new position in Q2 in the 1st quarter worth about $51,960,000.

About Q2

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.

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