Q2 (QTWO) Downgraded to “Neutral” at J P Morgan Chase & Co

Q2 (NYSE:QTWO) was downgraded by equities research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday, Marketbeat.com reports. They currently have a $50.00 price target on the technology company’s stock. J P Morgan Chase & Co’s price target indicates a potential upside of 31.58% from the stock’s current price.

Other analysts have also recently issued reports about the company. BidaskClub raised Q2 from a “hold” rating to a “buy” rating in a research note on Sunday, October 15th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 target price on shares of Q2 in a research note on Friday, November 3rd. SunTrust Banks reissued a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. BTIG Research reissued a “buy” rating and issued a $47.00 target price on shares of Q2 in a research note on Sunday, November 5th. Finally, Morgan Stanley raised their target price on Q2 from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.36.

Q2 (NYSE:QTWO) traded up $0.75 during midday trading on Tuesday, hitting $38.00. The company had a trading volume of 855,002 shares, compared to its average volume of 225,152. Q2 has a 12 month low of $28.30 and a 12 month high of $44.35.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. Q2’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the firm earned ($0.24) earnings per share. analysts predict that Q2 will post -0.48 EPS for the current fiscal year.

In other Q2 news, Director R. H. Seale sold 10,560 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.72, for a total value of $408,883.20. Following the completion of the sale, the director now directly owns 383,828 shares in the company, valued at $14,861,820.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Barry G. Benton sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $42.69, for a total transaction of $64,035.00. Following the completion of the sale, the senior vice president now owns 23,487 shares of the company’s stock, valued at $1,002,660.03. The disclosure for this sale can be found here. Insiders sold 1,012,086 shares of company stock valued at $41,948,730 over the last 90 days. 24.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. lifted its holdings in Q2 by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after buying an additional 759 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Q2 by 16,455.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock worth $110,000 after buying an additional 2,962 shares during the period. Pacad Investment Ltd. purchased a new position in shares of Q2 during the second quarter valued at approximately $111,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Q2 by 2,468.1% during the second quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock valued at $128,000 after purchasing an additional 3,332 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Q2 by 36.9% during the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock valued at $131,000 after purchasing an additional 959 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

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Q2 Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

Analyst Recommendations for Q2 (NYSE:QTWO)

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