Q2 Holdings, Inc. (QTWO) Receives “Hold” Rating from Canaccord Genuity
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.
TRADEMARK VIOLATION NOTICE: “Q2 Holdings, Inc. (QTWO) Receives “Hold” Rating from Canaccord Genuity” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/30/q2-holdings-qtwo-buy-rating-reaffirmed-at-canaccord-genuity.html.
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.
Receive News & Ratings for Q2 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.