Q2 (NYSE:QTWO) Price Target Raised to $86.00

Q2 (NYSE:QTWO) had its target price increased by DA Davidson from $76.00 to $86.00 in a research note released on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the technology company’s stock.

QTWO has been the topic of several other research reports. Morgan Stanley raised their price target on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Citigroup cut Q2 from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. Stifel Nicolaus lifted their target price on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Compass Point increased their price target on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Q2 Trading Down 5.3 %

Shares of Q2 stock opened at $97.83 on Monday. Q2 has a 52 week low of $34.59 and a 52 week high of $105.00. The stock’s fifty day moving average is $82.11 and its two-hundred day moving average is $70.58. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

Insider Activity

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the sale, the general counsel now directly owns 61,130 shares in the company, valued at approximately $4,331,671.80. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey T. Diehl sold 28,005 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the sale, the director now owns 397,702 shares in the company, valued at $29,927,075.50. The trade was a 6.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,963 shares of company stock worth $2,321,659. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

Hedge funds have recently made changes to their positions in the company. Hood River Capital Management LLC acquired a new position in Q2 in the 1st quarter worth approximately $62,765,000. American Century Companies Inc. lifted its position 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 valued at $73,008,000 after purchasing an additional 1,190,274 shares during the period. Perpetual Ltd purchased a new stake in Q2 in the third quarter valued at $80,788,000. Price T Rowe Associates Inc. MD boosted its holdings in 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 purchasing an additional 683,957 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Q2 by 139.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock worth $48,558,000 after purchasing an additional 354,524 shares during the period.

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.