Q2's (QTWO) "Overweight" Rating Reaffirmed at Stephens

Q2 (NYSE:QTWO - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $115.00 target price on the technology company's stock. Stephens' price target indicates a potential upside of 26.01% from the stock's previous close.

A number of other research firms have also recently weighed in on QTWO. Stifel Nicolaus raised their price objective on Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday. Compass Point upped their price target on shares of Q2 from $91.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Baird R W cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective on the stock in a report on Wednesday, December 18th. Finally, Needham & Company LLC raised their target price on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Q2 presently has a consensus rating of "Moderate Buy" and an average price target of $102.13.

Q2 Stock Down 1.7 %

Shares of QTWO traded down $1.60 during mid-day trading on Thursday, hitting $91.26. The company's stock had a trading volume of 787,677 shares, compared to its average volume of 594,098. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of -95.06 and a beta of 1.61. The company's 50-day moving average is $98.27 and its 200-day moving average is $88.58. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 52-week low of $41.23 and a 52-week high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. On average, equities research analysts forecast that Q2 will post 0.08 EPS for the current fiscal year.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 548 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares of the company's stock, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the transaction, the executive now directly owns 223,494 shares in the company, valued at $23,690,364. This trade represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 in the last ninety days. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. William Blair Investment Management LLC purchased a new stake in Q2 in the fourth quarter valued at $202,645,000. Massachusetts Financial Services Co. MA lifted its position in Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after buying an additional 698,464 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Q2 by 732.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock worth $75,025,000 after buying an additional 655,838 shares during the period. Ameriprise Financial Inc. increased its position in shares of Q2 by 105.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock valued at $101,937,000 after acquiring an additional 520,649 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Q2 by 893.5% in the 4th quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company's stock valued at $47,459,000 after acquiring an additional 424,062 shares during the period.

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.