Shares of Q2 Holdings Inc (NYSE:QTWO) have received a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $46.13.
QTWO has been the topic of several research reports. KeyCorp restated a “hold” rating on shares of Q2 in a report on Wednesday, September 13th. Morgan Stanley boosted their price target on Q2 from $40.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. BTIG Research restated a “buy” rating and set a $47.00 price target on shares of Q2 in a report on Sunday, November 5th. JPMorgan Chase & Co. cut Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price target on the stock. in a report on Tuesday, December 12th. Finally, Canaccord Genuity restated a “hold” rating and set a $43.00 price target on shares of Q2 in a report on Monday, October 30th.
Shares of Q2 (QTWO) opened at $39.15 on Friday. The firm has a market capitalization of $1,630.00, a PE ratio of -56.74 and a beta of 1.52. Q2 has a twelve month low of $28.85 and a twelve month high of $44.35.
In related news, EVP John E. Breeden sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $41.50, for a total value of $415,000.00. Following the sale, the executive vice president now directly owns 64,694 shares in the company, valued at $2,684,801. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carl James Schaper sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $36.86, for a total value of $737,200.00. The disclosure for this sale can be found here. Insiders sold 940,086 shares of company stock worth $38,783,190 over the last quarter. 24.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in shares of Q2 by 55.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after buying an additional 536,772 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Q2 during the 2nd quarter worth approximately $924,000. Artisan Partners Limited Partnership boosted its holdings in shares of Q2 by 4.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock worth $68,657,000 after buying an additional 77,433 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Q2 by 213.2% during the 2nd quarter. First Trust Advisors LP now owns 52,950 shares of the technology company’s stock worth $1,957,000 after buying an additional 36,046 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Q2 during the 2nd quarter worth approximately $515,000. Institutional investors and hedge funds own 91.41% of the company’s stock.
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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.
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