Q2 Holdings, Inc. (QTWO) Receives Consensus Rating of “Buy” from Brokerages
Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned an average recommendation of “Buy” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $45.57.
Several analysts have commented on the stock. DA Davidson assumed coverage on shares of Q2 in a research report on Thursday, November 16th. They set a “neutral” rating and a $38.00 target price for the company. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. BTIG Research reiterated a “buy” rating and set a $47.00 target price on shares of Q2 in a research report on Sunday, November 5th. SunTrust Banks reiterated a “buy” rating on shares of Q2 in a research report on Friday, November 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Q2 in a research report on Friday, November 3rd.
Shares of Q2 (QTWO) opened at $40.45 on Monday. Q2 has a 1 year low of $28.30 and a 1 year high of $44.35.
In other news, Director Carl James Schaper sold 20,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $39.41, for a total value of $788,200.00. Following the completion of the transaction, the director now owns 44,172 shares of the company’s stock, valued at approximately $1,740,818.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam D. Blue sold 30,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.82, for a total transaction of $1,224,600.00. Following the completion of the transaction, the insider now directly owns 50,805 shares of the company’s stock, valued at approximately $2,073,860.10. The disclosure for this sale can be found here. Insiders sold a total of 1,001,500 shares of company stock valued at $41,538,795 in the last three months. 24.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in QTWO. Franklin Resources Inc. boosted its stake in Q2 by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after purchasing an additional 536,772 shares during the period. Emerald Advisers Inc. PA acquired a new position in Q2 in the 3rd quarter worth $15,520,000. Penn Capital Management Co. Inc. boosted its stake in Q2 by 3,059.9% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 303,822 shares of the technology company’s stock worth $11,243,000 after purchasing an additional 294,207 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in Q2 by 371.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 305,361 shares of the technology company’s stock worth $12,718,000 after purchasing an additional 240,645 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Q2 by 6.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock worth $108,759,000 after purchasing an additional 190,171 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.
WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/11/q2-holdings-inc-qtwo-receives-consensus-rating-of-buy-from-brokerages-2.html.
Q2 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.
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.