Q2 Holdings, Inc. (NYSE:QTWO) Receives Average Recommendation of “Moderate Buy” from Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $75.2727.

A number of equities analysts have commented on QTWO shares. Cantor Fitzgerald reduced their target price on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. UBS Group set a $77.00 target price on shares of Q2 in a research note on Thursday, April 30th. Morgan Stanley set a $63.00 target price on shares of Q2 in a research note on Thursday, April 30th. Zacks Research downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Q2 from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th.

Q2 Price Performance

Shares of QTWO stock opened at $44.30 on Friday. The firm’s 50-day moving average is $48.03 and its two-hundred day moving average is $57.28. Q2 has a 12 month low of $43.41 and a 12 month high of $96.68. The company has a market capitalization of $2.77 billion, a PE ratio of 39.55 and a beta of 1.34.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Q2 had a return on equity of 14.68% and a net margin of 8.99%.The firm had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $214.40 million. During the same period last year, the firm earned $0.07 earnings per share. Q2’s revenue for the quarter was up 14.1% on a year-over-year basis. Sell-side analysts forecast that Q2 will post 1.57 EPS for the current year.

Institutional Investors Weigh In On Q2

Institutional investors and hedge funds have recently made changes to their positions in the stock. William Blair Investment Management LLC raised its stake in shares of Q2 by 25.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after acquiring an additional 553,713 shares during the period. Peregrine Capital Management LLC raised its stake in shares of Q2 by 48.7% in the 4th quarter. Peregrine Capital Management LLC now owns 143,243 shares of the technology company’s stock valued at $10,336,000 after acquiring an additional 46,903 shares during the period. Principal Financial Group Inc. raised its stake in shares of Q2 by 502.5% in the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock valued at $21,856,000 after acquiring an additional 251,807 shares during the period. Vanguard Group Inc. raised its stake in shares of Q2 by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after acquiring an additional 82,827 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Q2 by 53.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock valued at $3,378,000 after acquiring an additional 16,263 shares during the period.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.