Q2 Holdings, Inc. (QTWO) Raised to Buy at BidaskClub

Q2 Holdings, Inc. (NYSE:QTWO) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other equities analysts have also weighed in on the stock. BTIG Research restated a “buy” rating and set a $47.00 price target on shares of Q2 Holdings in a research report on Sunday, November 5th. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Q2 Holdings in a research report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Q2 Holdings in a research report on Friday, November 3rd. Morgan Stanley increased their target price on shares of Q2 Holdings from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 target price (up previously from $43.00) on shares of Q2 Holdings in a research report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $45.67.

Q2 Holdings (QTWO) opened at $42.95 on Tuesday. Q2 Holdings has a 1 year low of $27.80 and a 1 year high of $43.65.

Q2 Holdings (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $50.10 million during the quarter, compared to analyst estimates of $50.05 million. Q2 Holdings had a negative net margin of 15.27% and a negative return on equity of 20.50%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. research analysts forecast that Q2 Holdings will post -0.49 earnings per share for the current year.

WARNING: This piece of content was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/14/q2-holdings-inc-qtwo-raised-to-buy-at-bidaskclub.html.

In other news, President Odus Edward Wittenburg, Jr. sold 21,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $39.89, for a total value of $847,662.50. Following the completion of the transaction, the president now directly owns 75,660 shares in the company, valued at $3,018,077.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl James Schaper sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $39.41, for a total transaction of $788,200.00. Following the completion of the transaction, the director now owns 44,172 shares of the company’s stock, valued at $1,740,818.52. The disclosure for this sale can be found here. Insiders have sold 226,325 shares of company stock valued at $9,179,970 in the last quarter. Company insiders own 24.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership boosted its position in shares of Q2 Holdings by 4.9% in the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock valued at $68,657,000 after acquiring an additional 77,433 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Q2 Holdings by 18.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 144,668 shares of the technology company’s stock valued at $6,026,000 after acquiring an additional 22,214 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Q2 Holdings in the third quarter valued at approximately $1,125,000. Axiom International Investors LLC DE boosted its position in shares of Q2 Holdings by 12.9% in the third quarter. Axiom International Investors LLC DE now owns 182,129 shares of the technology company’s stock valued at $7,586,000 after acquiring an additional 20,875 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Q2 Holdings by 79.1% in the third quarter. Legal & General Group Plc now owns 12,997 shares of the technology company’s stock valued at $540,000 after acquiring an additional 5,741 shares during the period. Institutional investors own 92.19% of the company’s stock.

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)

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.

Leave a Reply