BidaskClub cut shares of Q2 Holdings, Inc. (NYSE:QTWO) from a buy rating to a hold rating in a report released on Monday morning.
Several other research firms also recently weighed in on QTWO. Zacks Investment Research downgraded Q2 Holdings from a hold rating to a sell rating in a research report on Wednesday, October 4th. KeyCorp reissued a hold rating on shares of Q2 Holdings in a research report on Wednesday, September 13th. Canaccord Genuity reissued a buy rating and set a $43.00 target price on shares of Q2 Holdings in a research report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. began coverage on Q2 Holdings in a research report on Monday, June 26th. They set a buy rating and a $45.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $42.13.
Shares of Q2 Holdings (NYSE QTWO) opened at 41.95 on Monday. Q2 Holdings has a 1-year low of $25.23 and a 1-year high of $42.90. The stock’s market cap is $1.73 billion. The stock’s 50 day moving average price is $40.74 and its 200-day moving average price is $38.60.
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In other Q2 Holdings news, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $38.29, for a total value of $38,290.00. Following the completion of the sale, the director now directly owns 4,043 shares in the company, valued at $154,806.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director R. H. Seale sold 45,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.95, for a total value of $1,887,750.00. Following the completion of the sale, the director now owns 383,828 shares of the company’s stock, valued at $16,101,584.60. The disclosure for this sale can be found here. Insiders have sold a total of 252,908 shares of company stock valued at $10,165,317 over the last 90 days. 24.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in QTWO. Dubuque Bank & Trust Co. purchased a new stake in Q2 Holdings in the second quarter valued at about $102,000. Ameritas Investment Partners Inc. raised its stake in Q2 Holdings by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after buying an additional 759 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Q2 Holdings in the first quarter valued at about $109,000. Oppenheimer Asset Management Inc. raised its stake in Q2 Holdings by 16,455.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after buying an additional 2,962 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in Q2 Holdings in the second quarter valued at about $111,000. Institutional investors own 92.74% of the company’s stock.
About Q2 Holdings
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.
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