Q2 (NYSE:QTWO) Price Target Increased to $101.00 by Analysts at Citigroup

Q2 (NYSE:QTWO) had its price objective upped by Citigroup from $88.00 to $101.00 in a research report released on Wednesday, BenzingaRatingsTable reports. Citigroup currently has a buy rating on the technology company’s stock.

A number of other analysts have also weighed in on the stock. KeyCorp reduced their price objective on shares of Q2 from $102.00 to $97.00 and set an overweight rating for the company in a research note on Friday, November 8th. Stephens upgraded shares of Q2 from an equal weight rating to an overweight rating in a research note on Friday, January 3rd. Needham & Company LLC restated a buy rating and set a $100.00 price objective on shares of Q2 in a research note on Tuesday, December 17th. Morgan Stanley restated an overweight rating and set a $90.00 price objective on shares of Q2 in a research note on Monday, October 28th. Finally, Roth Capital upgraded shares of Q2 from a neutral rating to a buy rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $87.71.

NYSE:QTWO opened at $87.15 on Wednesday. The firm has a market cap of $4.20 billion, a P/E ratio of -58.49 and a beta of 1.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 5.93 and a current ratio of 5.93. Q2 has a fifty-two week low of $55.92 and a fifty-two week high of $93.63. The firm has a 50-day simple moving average of $82.87 and a two-hundred day simple moving average of $80.73.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.22. The business had revenue of $79.70 million during the quarter, compared to analyst estimates of $79.26 million. Q2 had a negative net margin of 22.67% and a negative return on equity of 12.11%. Q2’s revenue was up 31.6% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. On average, equities research analysts predict that Q2 will post -0.71 EPS for the current year.

In related news, CTO Adam D. Blue sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $83.13, for a total value of $831,300.00. Following the transaction, the chief technology officer now owns 78,866 shares of the company’s stock, valued at $6,556,130.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Barry G. Benton sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $84.51, for a total transaction of $211,275.00. Following the completion of the transaction, the senior vice president now directly owns 34,524 shares in the company, valued at approximately $2,917,623.24. The disclosure for this sale can be found here. Insiders sold 97,980 shares of company stock valued at $7,802,903 over the last quarter. Company insiders own 12.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Q2 by 21.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,055 shares of the technology company’s stock worth $248,000 after buying an additional 540 shares during the last quarter. Coronation Fund Managers Ltd. boosted its holdings in shares of Q2 by 71.5% in the fourth quarter. Coronation Fund Managers Ltd. now owns 80,684 shares of the technology company’s stock worth $6,542,000 after buying an additional 33,648 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Q2 by 53.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 460 shares of the technology company’s stock worth $37,000 after buying an additional 160 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Q2 by 46.3% in the fourth quarter. Diversified Trust Co now owns 7,425 shares of the technology company’s stock worth $602,000 after buying an additional 2,350 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Q2 by 4.0% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,156,777 shares of the technology company’s stock worth $91,235,000 after buying an additional 44,346 shares during the last quarter.

About Q2

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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