Q2 Holdings, Inc. (NYSE:QTWO)‘s stock had its “hold” rating reissued by stock analysts at Canaccord Genuity in a research note issued on Monday. They presently have a $43.00 price target on the technology company’s stock. Canaccord Genuity’s target price indicates a potential upside of 1.06% from the company’s previous close.

A number of other equities analysts also recently commented on QTWO. Zacks Investment Research upgraded shares of Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Wednesday, August 9th. KeyCorp reiterated a “hold” rating on shares of Q2 Holdings in a research note on Wednesday, September 13th. Finally, BidaskClub upgraded shares of Q2 Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $42.13.

Q2 Holdings (NYSE:QTWO) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. Q2 Holdings had a negative net margin of 18.45% and a negative return on equity of 22.74%. The company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share.

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In other Q2 Holdings news, SVP Barry G. Benton sold 1,500 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 23,487 shares in the company, valued at $896,968.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Barry G. Benton sold 4,083 shares of the company’s stock in a transaction on Monday, August 7th. The shares were 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 of the company’s stock, valued at approximately $930,501.80. The disclosure for this sale can be found here. Insiders sold 231,908 shares of company stock valued at $9,390,327 in the last 90 days. 24.50% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. purchased a new stake in shares of Q2 Holdings in the first quarter valued at about $431,000. Franklin Resources Inc. raised its holdings in shares of Q2 Holdings by 55.6% in the second quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after buying an additional 536,772 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Q2 Holdings in the second quarter valued at about $924,000. First Trust Advisors LP raised its holdings in shares of Q2 Holdings by 213.2% in the second quarter. First Trust Advisors LP now owns 52,950 shares of the technology company’s stock valued at $1,957,000 after buying an additional 36,046 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Q2 Holdings by 39.7% in the second quarter. William Blair Investment Management LLC now owns 214,696 shares of the technology company’s stock valued at $7,933,000 after buying an additional 61,059 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

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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