Q2 (NYSE:QTWO) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday, November 14th.
Several other brokerages have also commented on QTWO. KeyCorp reissued a “hold” rating on shares of Q2 in a research note on Wednesday, September 13th. Zacks Investment Research lowered Q2 from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BTIG Research restated a “buy” rating and set a $47.00 price objective on shares of Q2 in a research report on Sunday, November 5th. SunTrust Banks restated a “buy” rating on shares of Q2 in a research report on Friday, November 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a $43.00 price objective on shares of Q2 in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Q2 has a consensus rating of “Buy” and a consensus price target of $44.90.
Shares of Q2 (NYSE QTWO) traded down $0.45 during trading hours on Tuesday, hitting $41.40. The stock had a trading volume of 273,845 shares, compared to its average volume of 193,914. Q2 has a fifty-two week low of $27.80 and a fifty-two week high of $44.35.
In other Q2 news, insider Adam D. Blue sold 30,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.82, for a total value of $1,224,600.00. Following the completion of the transaction, the insider now directly owns 50,805 shares in the company, valued at approximately $2,073,860.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jennifer Noel Harris sold 10,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.49, for a total value of $404,900.00. Following the completion of the transaction, the chief financial officer now owns 74,575 shares of the company’s stock, valued at $3,019,541.75. The disclosure for this sale can be found here. Insiders have sold a total of 1,001,575 shares of company stock valued at $41,541,893 over the last 90 days. Insiders own 24.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. acquired a new position in Q2 in the 1st quarter valued at $431,000. Hennessy Advisors Inc. acquired a new position in Q2 in the 2nd quarter valued at $924,000. Franklin Resources Inc. raised its holdings in Q2 by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after acquiring an additional 536,772 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Q2 in the 2nd quarter valued at $515,000. Finally, D L Carlson Investment Group Inc. increased its holdings in shares of Q2 by 24.0% during the 2nd quarter. D L Carlson Investment Group Inc. now owns 94,760 shares of the technology company’s stock worth $3,501,000 after buying an additional 18,355 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.
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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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