Q2 (NYSE:QTWO) had its price objective lowered by KeyCorp from $102.00 to $97.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price indicates a potential upside of 34.61% from the company’s previous close.
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Several other analysts have also recently commented on QTWO. Stifel Nicolaus raised their price target on Q2 from $74.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, August 8th. ValuEngine raised Q2 from a “hold” rating to a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Q2 from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Citigroup assumed coverage on Q2 in a report on Monday, October 14th. They issued a “buy” rating and a $88.00 price target for the company. Finally, SunTrust Banks raised their price target on Q2 from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company. Q2 has a consensus rating of “Buy” and a consensus target price of $83.67.
Shares of QTWO traded up $3.28 during mid-day trading on Friday, hitting $72.06. The company’s stock had a trading volume of 738,798 shares, compared to its average volume of 425,662. The company has a current ratio of 6.72, a quick ratio of 6.72 and a debt-to-equity ratio of 1.14. The firm has a 50-day simple moving average of $74.15 and a 200 day simple moving average of $77.56. The firm has a market capitalization of $3.30 billion, a P/E ratio of -194.76 and a beta of 1.24. Q2 has a 1-year low of $43.41 and a 1-year high of $93.63.
Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.22. The business had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $79.26 million. Q2 had a negative return on equity of 13.40% and a negative net margin of 20.73%. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. As a group, sell-side analysts predict that Q2 will post -0.68 EPS for the current fiscal year.
In related news, SVP Barry G. Benton sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $76.89, for a total value of $768,900.00. Following the completion of the transaction, the senior vice president now directly owns 47,024 shares of the company’s stock, valued at approximately $3,615,675.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $89.14, for a total value of $2,228,500.00. Following the completion of the transaction, the chief executive officer now directly owns 323,999 shares of the company’s stock, valued at $28,881,270.86. The disclosure for this sale can be found here. Insiders sold a total of 275,326 shares of company stock valued at $21,984,172 over the last ninety days. 12.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Brown Capital Management LLC increased its position in Q2 by 26.2% during the second quarter. Brown Capital Management LLC now owns 4,003,706 shares of the technology company’s stock worth $305,723,000 after buying an additional 832,296 shares in the last quarter. Vanguard Group Inc. increased its position in Q2 by 10.2% during the second quarter. Vanguard Group Inc. now owns 3,943,505 shares of the technology company’s stock worth $301,125,000 after buying an additional 363,780 shares in the last quarter. BlackRock Inc. increased its position in Q2 by 0.6% during the second quarter. BlackRock Inc. now owns 2,953,984 shares of the technology company’s stock worth $225,566,000 after buying an additional 17,568 shares in the last quarter. Macquarie Group Ltd. increased its position in Q2 by 6.7% during the second quarter. Macquarie Group Ltd. now owns 1,455,251 shares of the technology company’s stock worth $111,123,000 after buying an additional 91,115 shares in the last quarter. Finally, Waddell & Reed Financial Inc. increased its position in Q2 by 27.4% during the second quarter. Waddell & Reed Financial Inc. now owns 1,376,062 shares of the technology company’s stock worth $105,076,000 after buying an additional 295,811 shares in the last quarter.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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