Q2 Holdings, Inc. (NYSE:QTWO)‘s stock had its “hold” rating reiterated by equities researchers at KeyCorp in a research note issued on Wednesday.

Several other brokerages have also recently issued reports on QTWO. Zacks Investment Research cut shares of Q2 Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and set a $43.00 price target on shares of Q2 Holdings in a research note on Tuesday, August 1st. SunTrust Banks, Inc. began coverage on shares of Q2 Holdings in a research note on Monday, June 26th. They set a “buy” rating and a $45.00 price target on the stock. Finally, ValuEngine upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $42.13.

Shares of Q2 Holdings (NYSE QTWO) traded down 2.07% during trading on Wednesday, hitting $40.20. The stock had a trading volume of 502,702 shares. Q2 Holdings has a 52-week low of $25.23 and a 52-week high of $41.70. The stock has a 50 day moving average of $39.33 and a 200 day moving average of $37.89. The firm’s market cap is $1.66 billion.

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In other news, Director Carl James Schaper sold 20,000 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $37.43, for a total value of $748,600.00. Following the sale, the director now owns 44,247 shares in the company, valued at $1,656,165.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Barry G. Benton sold 4,083 shares of the stock in a transaction 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 sale, 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 quarter, insiders have sold 327,908 shares of company stock valued at $12,416,257. 24.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in QTWO. Teachers Advisors LLC lifted its holdings in Q2 Holdings by 13.3% during the fourth quarter. Teachers Advisors LLC now owns 46,352 shares of the technology company’s stock valued at $1,337,000 after purchasing an additional 5,426 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Q2 Holdings by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 107,841 shares of the technology company’s stock valued at $3,757,000 after buying an additional 4,408 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Q2 Holdings in the first quarter valued at about $431,000. Parametric Portfolio Associates LLC raised its position in shares of Q2 Holdings by 9.1% in the first quarter. Parametric Portfolio Associates LLC now owns 105,347 shares of the technology company’s stock valued at $3,671,000 after buying an additional 8,783 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Q2 Holdings in the first quarter valued at about $342,000. 92.74% of the stock is currently owned by hedge funds and other 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)

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