Q2 Holdings, Inc. (NYSE:QTWO) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other analysts have also recently issued reports on the stock. SunTrust Banks, Inc. started coverage on shares of Q2 Holdings in a report on Monday, June 26th. They issued a “buy” rating and a $45.00 price target on the stock. Canaccord Genuity reissued a “buy” rating and issued a $43.00 price objective on shares of Q2 Holdings in a report on Tuesday, August 1st. Zacks Investment Research raised Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, August 9th. Finally, KeyCorp restated a “hold” rating on shares of Q2 Holdings in a research note on Wednesday, September 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.13.

Q2 Holdings (NYSE QTWO) opened at 41.55 on Tuesday. The company has a 50 day moving average of $40.12 and a 200-day moving average of $38.31. Q2 Holdings has a 52-week low of $25.23 and a 52-week high of $42.90. The stock’s market capitalization is $1.72 billion.

WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/q2-holdings-inc-qtwo-raised-to-buy-at-bidaskclub/1604339.html.

In other Q2 Holdings news, Director R. H. Seale sold 85,000 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $36.85, for a total value of $3,132,250.00. Following the sale, the director now directly owns 383,903 shares of the company’s stock, valued at $14,146,825.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew P. Flake sold 30,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $39.67, for a total value of $1,190,100.00. Following the completion of the sale, the chief executive officer now directly owns 222,459 shares in the company, valued at $8,824,948.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 307,908 shares of company stock worth $11,723,257. 24.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dubuque Bank & Trust Co. bought a new position in shares of Q2 Holdings during the second quarter worth about $102,000. Ameritas Investment Partners Inc. increased its holdings in shares of Q2 Holdings by 38.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after acquiring an additional 759 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Q2 Holdings in the 1st quarter worth about $109,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Q2 Holdings by 16,455.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock worth $110,000 after acquiring an additional 2,962 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in shares of Q2 Holdings in the 2nd quarter worth about $111,000. 92.74% of the stock is owned by institutional investors.

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)

Receive News & Ratings for Q2 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.