Shares of Q2 Holdings Inc (NYSE:QTWO) have earned an average recommendation of “Buy” from the eighteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $70.64.

Several equities research analysts have commented on QTWO shares. Needham & Company LLC restated a “buy” rating and set a $80.00 target price (up from $70.00) on shares of Q2 in a research report on Friday, March 1st. SunTrust Banks upgraded shares of Q2 from a “hold” rating to a “buy” rating and boosted their target price for the stock from $68.00 to $84.00 in a research report on Friday, March 1st. Craig Hallum restated a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Q2 in a research report on Thursday, May 9th. Stephens lowered shares of Q2 from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $76.00 to $73.00 in a research report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 2nd.

In other news, Director Michael J. Maples sold 44,817 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $71.15, for a total transaction of $3,188,729.55. Following the completion of the transaction, the director now directly owns 33,855 shares in the company, valued at approximately $2,408,783.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Barry G. Benton sold 2,473 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $68.12, for a total value of $168,460.76. Following the transaction, the senior vice president now owns 27,502 shares of the company’s stock, valued at $1,873,436.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 629,905 shares of company stock valued at $43,793,917. 17.90% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in QTWO. JPMorgan Chase & Co. boosted its stake in shares of Q2 by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,601,464 shares of the technology company’s stock valued at $157,519,000 after buying an additional 106,651 shares during the last quarter. Bank of New York Mellon Corp increased its position in Q2 by 5.7% in the third quarter. Bank of New York Mellon Corp now owns 181,415 shares of the technology company’s stock worth $10,986,000 after buying an additional 9,809 shares during the period. Man Group plc acquired a new stake in Q2 in the third quarter worth $377,000. AQR Capital Management LLC increased its position in Q2 by 50.6% in the third quarter. AQR Capital Management LLC now owns 14,892 shares of the technology company’s stock worth $902,000 after buying an additional 5,001 shares during the period. Finally, Teachers Advisors LLC increased its position in Q2 by 2.9% in the third quarter. Teachers Advisors LLC now owns 71,651 shares of the technology company’s stock worth $4,338,000 after buying an additional 2,016 shares during the period.

NYSE:QTWO opened at $74.45 on Monday. Q2 has a 1-year low of $43.41 and a 1-year high of $76.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.21). Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The firm had revenue of $71.30 million during the quarter, compared to analysts’ expectations of $70.67 million. During the same quarter last year, the business earned ($0.14) earnings per share. The business’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities analysts anticipate that Q2 will post -0.64 earnings per share for the current year.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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