BidaskClub Lowers Q2 Holdings, Inc. (QTWO) to Hold

BidaskClub lowered shares of Q2 Holdings, Inc. (NYSE:QTWO) from a buy rating to a hold rating in a research note released on Monday, October 9th.

A number of other research analysts have also commented on the stock. KeyCorp restated a hold rating on shares of Q2 Holdings in a research report on Wednesday, September 13th. SunTrust Banks, Inc. began coverage on shares of Q2 Holdings in a report on Monday, June 26th. They set a buy rating and a $45.00 price objective for the company. Zacks Investment Research raised shares of 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, Canaccord Genuity reaffirmed a buy rating and set a $43.00 price objective on shares of Q2 Holdings in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $42.13.

Shares of Q2 Holdings (NYSE QTWO) opened at 41.50 on Monday. The stock has a 50 day moving average price of $40.96 and a 200 day moving average price of $38.90. Q2 Holdings has a one year low of $25.23 and a one year high of $43.03. The firm’s market cap is $1.71 billion.

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In other news, SVP Barry G. Benton sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $38.19, for a total value of $57,285.00. Following the transaction, the senior vice president now owns 23,487 shares in the company, valued at $896,968.53. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Barry G. Benton sold 4,083 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 24,820 shares in the company, valued at approximately $930,501.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 231,908 shares of company stock worth $9,361,627. Corporate insiders own 24.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Adams Street Partners LLC lifted its stake in shares of Q2 Holdings by 0.4% in the second quarter. Adams Street Partners LLC now owns 3,443,275 shares of the technology company’s stock worth $127,060,000 after buying an additional 14,808 shares in the last quarter. JPMorgan Chase & Co. lifted 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 valued at $108,759,000 after purchasing an additional 190,171 shares during the period. Franklin Resources Inc. lifted 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 valued at $55,523,000 after purchasing an additional 536,772 shares during the period. Gilder Gagnon Howe & Co. LLC lifted 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 valued at $52,104,000 after purchasing an additional 101,616 shares during the period. Finally, Vanguard Group Inc. lifted its position in Q2 Holdings by 10.4% during the second quarter. Vanguard Group Inc. now owns 1,360,214 shares of the technology company’s stock valued at $50,261,000 after purchasing an additional 128,054 shares during the period. Hedge funds and other institutional investors own 92.74% 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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