Q2 (NYSE:QTWO) Sets New 12-Month High – Should You Buy?

Shares of Q2 Holdings, Inc. (NYSE:QTWO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $86.37 and last traded at $85.81, with a volume of 126875 shares traded. The stock had previously closed at $84.38.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on QTWO. BTIG Research upped their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Compass Point started coverage on Q2 in a report on Wednesday, September 4th. They set a “buy” rating and a $91.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Q2 in a research note on Friday, October 18th. Needham & Company LLC restated an “underperform” rating on shares of Q2 in a report on Friday, October 18th. Finally, The Goldman Sachs Group lifted their target price on Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.64.

Q2 Stock Up 2.2 %

The business has a fifty day moving average price of $78.66 and a two-hundred day moving average price of $68.44. The firm has a market cap of $5.20 billion, a PE ratio of -73.89 and a beta of 1.58. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the sale, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction dated 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 in the company, valued at $16,376,446.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey T. Diehl sold 28,005 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $75.25, for a total value of $2,107,376.25. Following the transaction, the director now directly owns 397,702 shares in the company, valued at approximately $29,927,075.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC boosted its position in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after acquiring an additional 169 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Q2 during the 1st quarter worth about $50,000. International Assets Investment Management LLC raised its position in shares of Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after buying an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after buying an additional 964 shares during the period. Finally, Quest Partners LLC acquired a new stake in Q2 during the second quarter worth about $153,000.

About Q2

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.