Q2 Holdings Inc. (QTWO) Upgraded at Zacks Investment Research
According to Zacks, “Q2 Holdings, Inc. provides secure, cloud-based virtual banking solutions. The Company’s solutions include Q2online, Q2themes, Q2mobility App, Q2mobile Remote Deposit Capture, Q2text, Q2voice, Q2clarity and Q2 Risk & Fraud Analytics. It enables regional and community financial institutions, or RCFIs, to deliver a suite of integrated virtual banking services. Q2 Holdings, Inc. is headquartered in Austin, Texas. “
A number of other research firms also recently weighed in on QTWO. BTIG Research reaffirmed a buy rating and set a $32.00 price target on shares of Q2 Holdings in a research report on Thursday, August 4th. Royal Bank Of Canada upped their price target on Q2 Holdings from $27.00 to $31.00 and gave the stock an outperform rating in a research report on Friday, August 5th. Needham & Company LLC reaffirmed a buy rating and set a $34.00 price target on shares of Q2 Holdings in a research report on Monday, August 29th. Morgan Stanley began coverage on Q2 Holdings in a research report on Monday, July 25th. They set an equal weight rating and a $29.00 price target for the company. Finally, RBC Capital Markets reaffirmed an outperform rating and set a $31.00 price target (up previously from $27.00) on shares of Q2 Holdings in a research report on Friday, August 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Q2 Holdings has an average rating of Buy and an average price target of $30.50.
Q2 Holdings (NYSE:QTWO) opened at 28.59 on Wednesday. Q2 Holdings has a 12 month low of $16.43 and a 12 month high of $30.73. The company’s market cap is $1.14 billion. The company’s 50-day moving average is $28.44 and its 200-day moving average is $26.46.
Q2 Holdings (NYSE:QTWO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.13. Q2 Holdings had a negative return on equity of 22.39% and a negative net margin of 27.14%. The firm had revenue of $36 million for the quarter, compared to analyst estimates of $35.66 million. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. On average, equities research analysts anticipate that Q2 Holdings will post ($0.35) earnings per share for the current year.
In other Q2 Holdings news, Director R. H. Seale sold 42,500 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $28.07, for a total transaction of $1,192,975.00. Following the completion of the sale, the director now owns 379,979 shares of the company’s stock, valued at approximately $10,666,010.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam D. Anderson sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $28.73, for a total value of $718,250.00. Following the sale, the insider now directly owns 44,100 shares of the company’s stock, valued at approximately $1,266,993. The disclosure for this sale can be found here. Company insiders own 38.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its stake in shares of Q2 Holdings by 24.3% in the second quarter. Teacher Retirement System of Texas now owns 3,554 shares of the company’s stock valued at $100,000 after buying an additional 695 shares in the last quarter. Bienville Capital Management LLC purchased a new position in Q2 Holdings during the second quarter valued at $222,000. Penserra Capital Management LLC purchased a new position in Q2 Holdings during the second quarter valued at $238,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Q2 Holdings during the second quarter valued at $304,000. Finally, BlackRock Advisors LLC boosted its position in Q2 Holdings by 26.9% in the second quarter. BlackRock Advisors LLC now owns 11,794 shares of the company’s stock valued at $330,000 after buying an additional 2,498 shares during the last quarter. 89.16% of the stock is owned by institutional investors and hedge funds.
Q2 Holdings Company Profile
Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.
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