Q2’s (QTWO) “Buy” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Q2 (NYSE:QTWO) in a research report sent to investors on Thursday morning. They currently have a $68.00 target price on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Loop Capital lifted their target price on Q2 to $61.00 and gave the stock a buy rating in a report on Friday, May 4th. TheStreet upgraded Q2 from a d rating to a c rating in a report on Thursday, May 3rd. Zacks Investment Research upgraded Q2 from a hold rating to a buy rating and set a $56.00 target price for the company in a report on Thursday, May 3rd. BTIG Research cut Q2 from a buy rating to a neutral rating in a report on Thursday, May 10th. They noted that the move was a valuation call. Finally, Canaccord Genuity lifted their target price on Q2 from $53.00 to $60.00 and gave the stock a hold rating in a report on Thursday, June 21st. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $58.38.

Shares of Q2 stock remained flat at $$60.50 on Thursday. The stock had a trading volume of 237,860 shares, compared to its average volume of 331,846. The company has a debt-to-equity ratio of 1.13, a current ratio of 5.35 and a quick ratio of 5.35. Q2 has a 12-month low of $35.05 and a 12-month high of $64.25.

Q2 (NYSE:QTWO) last announced its earnings results on Tuesday, August 7th. The technology company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.15. The firm had revenue of $58.57 million during the quarter, compared to analysts’ expectations of $58.34 million. Q2 had a negative return on equity of 15.78% and a negative net margin of 12.07%. research analysts forecast that Q2 will post -0.52 earnings per share for the current year.

In related news, SVP Barry G. Benton sold 10,565 shares of the business’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $57.24, for a total transaction of $604,740.60. Following the completion of the transaction, the senior vice president now owns 35,716 shares in the company, valued at approximately $2,044,383.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew P. Flake sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $59.87, for a total value of $1,197,400.00. Following the transaction, the chief executive officer now owns 280,008 shares of the company’s stock, valued at approximately $16,764,078.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,096 shares of company stock valued at $16,102,186. 17.90% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Q2 by 0.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,854,945 shares of the technology company’s stock valued at $130,042,000 after purchasing an additional 16,712 shares in the last quarter. BlackRock Inc. raised its position in Q2 by 18.6% during the 2nd quarter. BlackRock Inc. now owns 2,462,356 shares of the technology company’s stock valued at $140,477,000 after purchasing an additional 385,863 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Q2 by 18.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,971,546 shares of the technology company’s stock valued at $112,477,000 after purchasing an additional 308,155 shares in the last quarter. OppenheimerFunds Inc. raised its position in Q2 by 19.1% during the 1st quarter. OppenheimerFunds Inc. now owns 1,459,814 shares of the technology company’s stock valued at $66,495,000 after purchasing an additional 233,716 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in Q2 by 3.0% during the 1st quarter. Federated Investors Inc. PA now owns 871,735 shares of the technology company’s stock valued at $39,708,000 after purchasing an additional 25,790 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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