Canaccord Genuity downgraded shares of Q2 Holdings, Inc. (NYSE:QTWO) from a buy rating to a hold rating in a research note published on Thursday.

QTWO has been the topic of several other reports. Zacks Investment Research raised shares of Q2 Holdings from a sell rating to a hold rating in a report on Tuesday, October 10th. BidaskClub raised shares of Q2 Holdings from a hold rating to a buy rating in a report on Sunday, October 15th. Finally, KeyCorp reaffirmed a hold rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Q2 Holdings presently has a consensus rating of Buy and a consensus target price of $45.67.

Q2 Holdings (QTWO) traded up $0.85 during midday trading on Thursday, reaching $42.75. 441,176 shares of the company’s stock traded hands, compared to its average volume of 171,407. Q2 Holdings has a fifty-two week low of $27.10 and a fifty-two week high of $43.65.

Q2 Holdings (NYSE:QTWO) last released its quarterly 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. Q2 Holdings had a negative net margin of 15.27% and a negative return on equity of 20.62%. The business had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. During the same period in the previous year, the company earned ($0.24) earnings per share. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. sell-side analysts anticipate that Q2 Holdings will post -0.54 EPS for the current fiscal year.

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In other news, Director R. H. Seale sold 45,000 shares of Q2 Holdings stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $41.95, for a total transaction of $1,887,750.00. Following the completion of the sale, the director now directly owns 383,828 shares in the company, valued at $16,101,584.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Barry G. Benton sold 4,083 shares of Q2 Holdings stock in a transaction on Monday, August 7th. The stock was sold at an average price of $37.49, for a total transaction of $153,071.67. Following the sale, the senior vice president now owns 24,820 shares of the company’s stock, valued at $930,501.80. The disclosure for this sale can be found here. Insiders have sold 231,908 shares of company stock valued at $9,390,327 over the last quarter. Insiders own 24.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Strs Ohio lifted its stake in shares of Q2 Holdings by 6.6% during the second quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $299,000 after buying an additional 500 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Q2 Holdings by 1.1% during the second quarter. Goldman Sachs Group Inc. now owns 67,332 shares of the technology company’s stock worth $2,487,000 after buying an additional 701 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Q2 Holdings by 38.1% during 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. Sei Investments Co. lifted its stake in shares of Q2 Holdings by 36.9% during the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock worth $131,000 after buying an additional 959 shares during the period. Finally, American International Group Inc. lifted its stake in shares of Q2 Holdings by 7.1% during the first quarter. American International Group Inc. now owns 15,740 shares of the technology company’s stock worth $549,000 after buying an additional 1,038 shares during the period. Institutional investors and hedge funds own 92.64% 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.

Analyst Recommendations for Q2 Holdings (NYSE:QTWO)

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