Q2 (NYSE:QTWO) Reaches New 12-Month High – Time to Buy?

Q2 Holdings, Inc. (NYSE:QTWO) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $86.37 and last traded at $85.81, with a volume of 126875 shares. The stock had previously closed at $84.38.

Analyst Ratings Changes

QTWO has been the subject of a number of recent research reports. Compass Point lifted their price target on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday. Stephens boosted their price target on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada boosted their target price on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday. Citigroup cut Q2 from a “buy” rating to a “neutral” rating and increased their target price for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. Finally, DA Davidson reissued a “neutral” rating and set a $76.00 price objective on shares of Q2 in a research report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.79.

Q2 Stock Performance

The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market cap of $6.16 billion, a PE ratio of -89.23 and a beta of 1.58. The business’s 50 day moving average is $79.23 and its two-hundred day moving average is $68.85.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, November 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. The firm had revenue of $175.02 million during the quarter, compared to analysts’ expectations of $173.31 million. On average, equities research analysts anticipate that Q2 Holdings, Inc. will post -0.02 EPS for the current year.

Insider Activity

In other news, Director Jeffrey T. Diehl sold 28,005 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the transaction, the director now owns 397,702 shares in the company, valued at $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Jeffrey T. Diehl sold 28,005 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $75.25, for a total value of $2,107,376.25. Following the completion of the transaction, the director now directly owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 1,013 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61. Following the sale, the director now directly owns 18,789 shares in the company, valued at approximately $1,389,822.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,963 shares of company stock worth $3,109,699 over the last quarter. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

Large investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC purchased a new position in shares of Q2 in the 1st quarter worth approximately $62,765,000. American Century Companies Inc. boosted its stake in Q2 by 5,990.6% during the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after buying an additional 1,190,274 shares during the period. Perpetual Ltd bought a new position in Q2 during the third quarter valued at $80,788,000. Price T Rowe Associates Inc. MD raised its stake in shares of Q2 by 1,910.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock valued at $37,832,000 after acquiring an additional 683,957 shares during the period. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in shares of Q2 in the 1st quarter worth about $19,101,000.

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.