Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $101.9375.

QTWO has been the subject of several research analyst reports. Royal Bank Of Canada upped their price objective on shares of Q2 from $101.00 to $102.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of Q2 from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Needham & Company LLC upped their price objective on shares of Q2 from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their price objective on shares of Q2 from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. Finally, Zacks Research downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday.

Q2 Price Performance

NYSE QTWO opened at $66.73 on Friday. Q2 has a 1 year low of $63.61 and a 1 year high of $112.82. The company has a market capitalization of $4.17 billion, a PE ratio of 1,334.87 and a beta of 1.47. The company has a fifty day moving average of $78.36 and a two-hundred day moving average of $82.75.

Insider Transactions at Q2

In other news, General Counsel Michael S. Kerr sold 967 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $82.60, for a total transaction of $79,874.20. Following the completion of the sale, the general counsel owned 56,228 shares in the company, valued at approximately $4,644,432.80. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 786 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the sale, the director owned 17,792 shares of the company’s stock, valued at $1,319,276.80. This trade represents a 4.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,499 shares of company stock worth $650,658. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Q2

Several hedge funds have recently made changes to their positions in QTWO. Headlands Technologies LLC acquired a new stake in shares of Q2 during the second quarter worth about $26,000. Versant Capital Management Inc purchased a new position in Q2 during the first quarter worth about $33,000. WPG Advisers LLC purchased a new position in Q2 during the first quarter worth about $35,000. Larson Financial Group LLC raised its holdings in Q2 by 2,630.0% during the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock worth $44,000 after purchasing an additional 526 shares in the last quarter. Finally, TCTC Holdings LLC raised its holdings in Q2 by 103.1% during the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company’s stock worth $48,000 after purchasing an additional 303 shares in the last quarter.

Q2 Company Profile

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.