Q2 (NYSE:QTWO) Downgraded to Hold Rating by Baird R W

Q2 (NYSE:QTWO) was downgraded by stock analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their price objective on shares of Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a research report on Friday. Morgan Stanley boosted their price target on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Finally, Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and raised their price objective for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.07.

Q2 Stock Performance

QTWO stock opened at $88.88 on Friday. Q2 has a 1-year low of $40.60 and a 1-year high of $112.82. The business has a 50-day moving average price of $102.29 and a 200 day moving average price of $83.12. The company has a market capitalization of $5.37 billion, a P/E ratio of -92.58 and a beta of 1.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 548 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now owns 337,643 shares of the company’s stock, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Q2

A number of large investors have recently bought and sold shares of the company. Conestoga Capital Advisors LLC lifted its stake in Q2 by 1.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock valued at $184,125,000 after acquiring an additional 34,300 shares during the period. State Street Corp raised its holdings in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Q2 by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after purchasing an additional 19,520 shares during the period. Hood River Capital Management LLC boosted its holdings in Q2 by 5.7% in the second quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock valued at $76,132,000 after purchasing an additional 67,757 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Q2 by 5,990.6% during the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after purchasing an additional 1,190,274 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.