Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given a consensus rating of “Buy” by the ten ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $42.14.

A number of research firms have commented on QTWO. Zacks Investment Research downgraded Q2 Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $43.00 target price on shares of Q2 Holdings in a report on Tuesday, August 1st. SunTrust Banks, Inc. began coverage on Q2 Holdings in a report on Monday, June 26th. They set a “buy” rating and a $45.00 target price on the stock. ValuEngine raised Q2 Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BTIG Research raised Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Monday, May 15th.

Q2 Holdings (NYSE:QTWO) opened at 40.45 on Friday. Q2 Holdings has a 52-week low of $25.23 and a 52-week high of $41.70. The firm’s market cap is $1.67 billion. The firm’s 50-day moving average price is $38.78 and its 200 day moving average price is $37.53.

In related news, Director R. H. Seale sold 85,000 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $36.85, for a total value of $3,132,250.00. Following the sale, the director now directly owns 383,903 shares in the company, valued at approximately $14,146,825.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Barry G. Benton sold 4,083 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.49, for a total value of $153,071.67. Following the completion of the sale, the senior vice president now owns 24,820 shares in the company, valued at $930,501.80. The disclosure for this sale can be found here. Insiders have sold a total of 296,871 shares of company stock worth $11,176,274 over the last quarter. Insiders own 24.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its stake in Q2 Holdings by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after buying an additional 759 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new stake in Q2 Holdings during the second quarter valued at approximately $102,000. Oppenheimer Asset Management Inc. boosted its stake in Q2 Holdings by 16,455.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after buying an additional 2,962 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Q2 Holdings during the second quarter valued at approximately $111,000. Finally, SG Americas Securities LLC acquired a new stake in Q2 Holdings during the first quarter valued at approximately $109,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

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Q2 Holdings 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.

Analyst Recommendations for Q2 Holdings (NYSE:QTWO)

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