Q2 Holdings, Inc. provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture. It also provides Q2 Sentinel, a security analytics solution; Q2 Patrol, an event-driven validation product; Q2 SMART, a targeting and messaging platform; and Q2 CardSwap that allows account holders receiving newly issued cards to automatically change their payment information. In addition, the company offers Q2 Gro, a digital account opening, and digital sales and marketing platform; Q2 Biller Direct, a bill payment solution; ClickSWITCH allows financial institutions to direct deposits to the end user. Centrix Dispute Tracking System, an electronic transaction dispute management solution; Centrix Payments I.Q. System, an ACH file monitoring and risk reporting solution; Centrix Exact/Transaction Management System, a fraud prevention tool; and Q2 Caliper Software Development Kit. Futher, it provides Q2 Contextual PFM, which allows end users to add external accounts and view them together with internal accounts on digital banking home page; Q2 Goals that enables end users to establish and save towards specific savings goals; Q2 Cloud Lending, a digital lending and leasing platform; PrecisionLender platform, a cloud-based, data-driven sales enablement, pricing, and portfolio management solution; and Q2 BaaS, a portfolio of open API financial services. The company was formerly known as CBG Holdings, Inc. and changed its name to Q2 Holdings, Inc. in March 2013. Q2 Holdings, Inc. was founded in 2004 and is headquartered in Austin, Texas.
Wall Street Analyst Weigh In
QTWO has been the topic of a number of research reports. StockNews.com cut Q2 from a "hold" rating to a "sell" rating in a report on Friday, May 13th. Piper Sandler raised their price objective on Q2 from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, August 5th. Morgan Stanley decreased their price objective on Q2 from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, August 8th. Truist Financial decreased their price objective on Q2 from $125.00 to $85.00 in a report on Wednesday, May 4th. Finally, Raymond James decreased their price objective on Q2 from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.92.
Q2 Trading Down 1.2 %
Shares of QTWO traded down $0.55 during mid-day trading on Monday, hitting $47.15. 250,735 shares of the company's stock traded hands, compared to its average volume of 476,175. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.49. Q2 has a 1 year low of $34.42 and a 1 year high of $92.34. The firm has a market capitalization of $2.70 billion, a P/E ratio of -25.35 and a beta of 1.54. The business's 50-day moving average price is $41.38 and its 200-day moving average price is $51.58.
Insider Activity
In other news, CRO Michael A. Volanoski sold 2,593 shares of the business's stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $40.25, for a total transaction of $104,368.25. Following the transaction, the executive now directly owns 69,136 shares of the company's stock, valued at $2,782,724. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.50% of the company's stock.
