Q2 (NYSE:QTWO) Sets New 1-Year High – Time to Buy?

Q2 Holdings, Inc. (NYSE:QTWO)’s share price hit a new 52-week high on Wednesday . The company traded as high as $108.00 and last traded at $106.99, with a volume of 339372 shares traded. The stock had previously closed at $107.36.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of analyst reports. Compass Point upped their price objective on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BTIG Research upped their price objective on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Royal Bank of Canada upped their price objective on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their price objective on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stephens upped their price target on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Q2 Stock Performance

The firm’s 50 day moving average price is $86.70 and its two-hundred day moving average price is $73.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The firm has a market cap of $6.46 billion, a PE ratio of -111.45 and a beta of 1.58.

Insider Buying and Selling

In related news, General Counsel Michael S. Kerr sold 517 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the transaction, the general counsel now owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the transaction, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,493 shares of company stock valued at $196,863. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of hedge funds have recently added to or reduced their stakes in QTWO. Price T Rowe Associates Inc. MD lifted its holdings in Q2 by 1,910.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after buying an additional 683,957 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Q2 by 13.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 25,329 shares of the technology company’s stock valued at $1,331,000 after purchasing an additional 3,080 shares in the last quarter. Comerica Bank raised its holdings in shares of Q2 by 4.4% in the 1st quarter. Comerica Bank now owns 172,251 shares of the technology company’s stock valued at $9,054,000 after purchasing an additional 7,299 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Q2 by 67.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock valued at $2,908,000 after purchasing an additional 22,400 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after purchasing an additional 169 shares in the last quarter.

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.