Q2 Holdings, Inc. (NYSE:QTWO)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust Banks, Inc. in a report issued on Friday.

A number of other brokerages also recently commented on QTWO. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Q2 Holdings in a research report on Friday. BidaskClub raised shares of Q2 Holdings from a “hold” rating to a “buy” rating in a research report on Sunday, October 15th. Canaccord Genuity downgraded shares of Q2 Holdings from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley increased their price objective on shares of Q2 Holdings from $40.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Zacks Investment Research raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.67.

Shares of Q2 Holdings (QTWO) opened at $42.75 on Friday.

Q2 Holdings (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ 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 20.62%. The company had revenue of $50.10 million for the quarter, compared to the consensus estimate of $50.05 million. During the same period in the prior year, the firm posted ($0.24) EPS. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. sell-side analysts forecast that Q2 Holdings will post -0.54 EPS for the current year.

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In related news, Director R. H. Seale sold 45,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $41.95, for a total transaction of $1,887,750.00. Following the completion of the sale, the director now owns 383,828 shares in the company, valued at approximately $16,101,584.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John E. Breeden sold 10,000 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the sale, the executive vice president now owns 64,694 shares of the company’s stock, valued at approximately $2,684,801. The disclosure for this sale can be found here. Insiders sold a total of 231,908 shares of company stock worth $9,390,327 over the last ninety days. Insiders own 24.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Dubuque Bank & Trust Co. acquired a new stake in Q2 Holdings during the 2nd quarter worth $102,000. Ameritas Investment Partners Inc. boosted its stake in Q2 Holdings by 38.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after purchasing an additional 759 shares during the period. SG Americas Securities LLC acquired a new stake in Q2 Holdings during the 1st quarter worth $109,000. Oppenheimer Asset Management Inc. boosted its stake in Q2 Holdings by 16,455.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock worth $110,000 after purchasing an additional 2,962 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in Q2 Holdings during the 2nd quarter worth $111,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

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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