Q2 Holdings, Inc. (QTWO) Raised to “Buy” at BidaskClub
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.
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.
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