Q2 Holdings, Inc. (NYSE:QTWO) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Q2 Holdings, Inc. has received a consensus rating of "Hold" from 19 brokerage firms, with 10 analysts suggesting a hold and 9 a buy rating, and an average 1-year target price of $100.69.
• Recent insider trading included the sale of 786 shares by Director James Offerdahl and 967 shares by General Counsel Michael S. Kerr, indicating a decrease in their holdings.
• The company's stock has experienced a 2.1% decline recently, trading at approximately $61.38, with a market capitalization of $3.83 billion.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) has been given a consensus rating of "Hold" by the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $100.6875.

Several equities research analysts recently issued reports on QTWO shares. Zacks Research lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Needham & Company LLC increased their target price on shares of Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wall Street Zen lowered shares of Q2 from a "buy" rating to a "hold" rating in a report on Friday, September 26th. JPMorgan Chase & Co. cut their price objective on shares of Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, September 24th. Finally, Stifel Nicolaus lowered their target price on Q2 from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, October 15th.

Insider Buying and Selling

In related news, Director James Offerdahl sold 786 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of the sale, the director directly owned 17,792 shares in the company, valued at $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Michael S. Kerr sold 967 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $82.60, for a total value of $79,874.20. Following the completion of the sale, the general counsel owned 56,228 shares of the company's stock, valued at approximately $4,644,432.80. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,499 shares of company stock worth $650,658 over the last three months. 0.31% of the stock is owned by insiders.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its position in shares of Q2 by 4.8% during the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company's stock worth $262,390,000 after purchasing an additional 128,387 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Q2 by 1.2% during the second quarter. Wasatch Advisors LP now owns 2,098,037 shares of the technology company's stock worth $196,355,000 after purchasing an additional 25,493 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Q2 by 5.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,826,001 shares of the technology company's stock worth $170,895,000 after purchasing an additional 101,866 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Q2 by 1.9% during the second quarter. Geode Capital Management LLC now owns 1,470,279 shares of the technology company's stock worth $137,620,000 after purchasing an additional 26,858 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Q2 by 3.1% during the second quarter. Jennison Associates LLC now owns 1,342,772 shares of the technology company's stock worth $125,670,000 after purchasing an additional 41,000 shares during the last quarter.

Q2 Trading Down 2.1%

Q2 stock opened at $61.38 on Thursday. The firm has a 50 day moving average of $73.43 and a 200 day moving average of $81.10. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 1,227.79 and a beta of 1.47. Q2 has a 12-month low of $58.57 and a 12-month high of $112.82.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.

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