BidaskClub Upgrades Q2 Holdings, Inc. (QTWO) to Buy

BidaskClub upgraded shares of Q2 Holdings, Inc. (NYSE:QTWO) from a hold rating to a buy rating in a report published on Tuesday.

Several other brokerages also recently issued reports on QTWO. KeyCorp reissued a hold rating on shares of Q2 Holdings in a research report on Wednesday, September 13th. Zacks Investment Research downgraded shares of Q2 Holdings from a hold rating to a sell rating in a research report on Wednesday, October 4th. BTIG Research reissued a buy rating and set a $47.00 price objective on shares of Q2 Holdings in a research report on Sunday, November 5th. SunTrust Banks, Inc. reaffirmed a buy rating on shares of Q2 Holdings in a report on Friday, November 3rd. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $43.00 target price on shares of Q2 Holdings in a report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Q2 Holdings presently has an average rating of Buy and a consensus price target of $44.90.

Shares of Q2 Holdings (NYSE QTWO) opened at $42.45 on Tuesday. Q2 Holdings has a one year low of $27.80 and a one year high of $44.35.

Q2 Holdings (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 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 20.50%. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. During the same period last year, the business earned ($0.24) EPS. Q2 Holdings’s revenue for the quarter was up 30.8% compared to the same quarter last year. equities analysts predict that Q2 Holdings will post -0.49 earnings per share for the current year.

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In related news, Director Jeffrey T. Diehl sold 800,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $41.50, for a total transaction of $33,200,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John E. Breeden sold 10,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $43.14, for a total transaction of $431,400.00. Following the sale, the executive vice president now directly owns 64,694 shares in the company, valued at approximately $2,790,899.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,057,825 shares of company stock worth $43,732,805. 24.50% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Adams Street Partners LLC raised its position in Q2 Holdings by 0.4% during the second quarter. Adams Street Partners LLC now owns 3,443,275 shares of the technology company’s stock worth $127,060,000 after acquiring an additional 14,808 shares during the last quarter. JPMorgan Chase & Co. raised its position in Q2 Holdings by 6.9% during the second quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock worth $108,759,000 after acquiring an additional 190,171 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Q2 Holdings by 4.9% during the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock worth $68,657,000 after acquiring an additional 77,433 shares during the last quarter. Franklin Resources Inc. raised its position in Q2 Holdings by 55.6% during the second quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after acquiring an additional 536,772 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its position in Q2 Holdings by 7.8% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,410,134 shares of the technology company’s stock worth $52,104,000 after acquiring an additional 101,616 shares during the last quarter. Institutional investors own 92.19% of the company’s stock.

Q2 Holdings Company Profile

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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