ValuEngine Lowers Q2 (NYSE:QTWO) to Hold

ValuEngine cut shares of Q2 (NYSE:QTWO) from a buy rating to a hold rating in a research report released on Tuesday morning, ValuEngine reports.

QTWO has been the topic of several other reports. Zacks Investment Research lowered Q2 from a hold rating to a sell rating in a research note on Tuesday, November 26th. SunTrust Banks raised their price objective on shares of Q2 from $84.00 to $100.00 and gave the stock a buy rating in a research report on Friday, August 9th. Roth Capital upgraded shares of Q2 from a neutral rating to a buy rating in a research note on Monday, November 11th. Stifel Nicolaus boosted their target price on shares of Q2 from $74.00 to $82.00 and gave the company a buy rating in a research report on Thursday, August 8th. Finally, Canaccord Genuity raised shares of Q2 from a hold rating to a buy rating and increased their target price for the stock from $70.00 to $97.00 in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $85.46.

Shares of NYSE:QTWO traded up $0.10 during midday trading on Tuesday, reaching $81.59. The company’s stock had a trading volume of 31,129 shares, compared to its average volume of 423,721. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -220.68 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 5.93 and a current ratio of 5.93. The firm has a 50 day moving average price of $75.84 and a two-hundred day moving average price of $78.58. Q2 has a fifty-two week low of $43.41 and a fifty-two week high of $93.63.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, November 6th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.22. Q2 had a negative return on equity of 12.11% and a negative net margin of 22.67%. The business had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $79.26 million. During the same quarter last year, the firm posted $0.09 earnings per share. The firm’s revenue was up 31.6% on a year-over-year basis. As a group, research analysts anticipate that Q2 will post -0.72 earnings per share for the current year.

In other Q2 news, CEO Matthew P. Flake sold 25,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $71.02, for a total value of $1,775,500.00. Following the transaction, the chief executive officer now directly owns 323,999 shares of the company’s stock, valued at $23,010,408.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R. H. Seale sold 124,076 shares of Q2 stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $76.14, for a total transaction of $9,447,146.64. Following the transaction, the director now owns 384,817 shares of the company’s stock, valued at $29,299,966.38. The disclosure for this sale can be found here. Insiders have sold 254,556 shares of company stock worth $19,805,325 over the last ninety days. 12.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. acquired a new position in Q2 during the 2nd quarter valued at about $2,420,000. Strs Ohio grew its holdings in Q2 by 76.2% during the second quarter. Strs Ohio now owns 3,700 shares of the technology company’s stock worth $282,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC grew its holdings in Q2 by 45.9% during the second quarter. SG Americas Securities LLC now owns 16,606 shares of the technology company’s stock worth $1,268,000 after buying an additional 5,223 shares in the last quarter. First Trust Advisors LP grew its holdings in Q2 by 480.8% during the second quarter. First Trust Advisors LP now owns 306,783 shares of the technology company’s stock worth $23,426,000 after buying an additional 253,966 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Q2 by 13.7% in the 2nd quarter. Janus Henderson Group PLC now owns 477,077 shares of the technology company’s stock valued at $36,430,000 after buying an additional 57,373 shares during the last quarter.

Q2 Company Profile

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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Analyst Recommendations for Q2 (NYSE:QTWO)

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