Q2 Holdings, Inc. (NYSE:QTWO) Given Average Recommendation of “Moderate Buy” by Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $75.2727.

A number of brokerages have commented on QTWO. Robert W. Baird set a $74.00 price objective on Q2 in a research report on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Q2 in a research report on Thursday, April 30th. Cantor Fitzgerald reduced their price objective on Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Royal Bank Of Canada reduced their price objective on Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a research report on Tuesday, April 21st.

Q2 Stock Down 0.0%

QTWO opened at $45.16 on Monday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 40.32 and a beta of 1.39. The stock’s 50 day moving average price is $48.94 and its two-hundred day moving average price is $59.78. Q2 has a 12-month low of $44.46 and a 12-month high of $96.68.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Q2 had a net margin of 8.99% and a return on equity of 14.68%. The business had revenue of $216.51 million during the quarter, compared to analyst estimates of $214.40 million. During the same period last year, the business earned $0.07 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that Q2 will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Himagiri K. Mukkamala sold 1,343 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $51.35, for a total transaction of $68,963.05. Following the completion of the transaction, the chief operating officer owned 92,910 shares in the company, valued at $4,770,928.50. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Michael S. Kerr sold 2,821 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $144,858.35. Following the transaction, the general counsel owned 47,227 shares of the company’s stock, valued at $2,425,106.45. This trade represents a 5.64% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 411,484 shares of company stock worth $20,720,329. 0.88% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Q2

Several hedge funds and other institutional investors have recently modified their holdings of QTWO. Advisors Asset Management Inc. lifted its position in shares of Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after buying an additional 220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Q2 by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock worth $2,803,000 after buying an additional 1,525 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Q2 by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock worth $43,023,000 after buying an additional 95,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Q2 by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock worth $14,907,000 after buying an additional 6,909 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Q2 by 592.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock worth $59,000 after buying an additional 539 shares during the period.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.