Q2 (NYSE:QTWO) Upgraded to “Strong-Buy” at Wall Street Zen

Q2 (NYSE:QTWO) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

QTWO has been the subject of several other reports. Stifel Nicolaus increased their price objective on shares of Q2 from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Compass Point reaffirmed a “neutral” rating and set a $60.00 price target on shares of Q2 in a research note on Monday, April 7th. Raymond James decreased their target price on Q2 from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Robert W. Baird raised their target price on Q2 from $84.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Finally, Morgan Stanley raised their price objective on shares of Q2 from $89.00 to $93.00 and gave the company an “equal weight” rating in a research report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.80.

Q2 Price Performance

Shares of QTWO opened at $87.55 on Friday. The company has a market cap of $5.45 billion, a P/E ratio of -134.69 and a beta of 1.47. The stock has a fifty day moving average price of $81.09 and a 200 day moving average price of $90.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 has a 12 month low of $55.97 and a 12 month high of $112.82.

Insiders Place Their Bets

In other news, CFO Jonathan Price sold 42,652 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the completion of the transaction, the chief financial officer now directly owns 209,378 shares in the company, valued at approximately $15,571,441.86. The trade was a 16.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total transaction of $87,770.00. Following the sale, the director now directly owns 16,241 shares of the company’s stock, valued at $1,425,472.57. The trade was a 5.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 194,255 shares of company stock worth $14,890,656 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Q2

A number of institutional investors have recently modified their holdings of QTWO. Invesco Ltd. raised its holdings in Q2 by 2.3% in the 1st quarter. Invesco Ltd. now owns 2,675,224 shares of the technology company’s stock valued at $214,045,000 after buying an additional 60,958 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Q2 during the fourth quarter valued at $202,645,000. Conestoga Capital Advisors LLC raised its stake in shares of Q2 by 1.6% during the first quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company’s stock valued at $156,651,000 after acquiring an additional 30,480 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Q2 by 28.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock valued at $137,948,000 after acquiring an additional 378,394 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after acquiring an additional 152,872 shares during the last quarter.

About Q2

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.