Q2 (NYSE:QTWO) Downgraded to Hold Rating by Zacks Research

Key Points

• Zacks Research downgraded Q2 Holdings (NYSE:QTWO) from a "strong-buy" to a "hold" rating in a recent report.
• Various analysts have differing opinions on Q2's stock; while some see a buy opportunity with raised price targets, others maintain a more cautious stance.
• In recent insider activity, executives sold significant shares of Q2, indicating a potential decrease in confidence about the stock's performance.

Q2 (NYSE:QTWO - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Needham & Company LLC raised their target price on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price target on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Stifel Nicolaus increased their price target on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald assumed coverage on Q2 in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, September 24th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.94.

Q2 Stock Performance

Shares of Q2 stock opened at $72.25 on Monday. Q2 has a one year low of $63.61 and a one year high of $112.82. The stock's fifty day moving average is $79.27 and its 200 day moving average is $82.92. The stock has a market cap of $4.51 billion, a P/E ratio of 1,445.29 and a beta of 1.49.

Insider Activity at Q2

In related news, General Counsel Michael S. Kerr sold 967 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $82.60, for a total value of $79,874.20. Following the completion of the transaction, the general counsel owned 56,228 shares of the company's stock, valued at approximately $4,644,432.80. This trade represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the completion of the transaction, the insider directly owned 149,643 shares of the company's stock, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,499 shares of company stock valued at $650,658. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its holdings in shares of Q2 by 1,025.6% in the 2nd quarter. Osaic Holdings Inc. now owns 7,474 shares of the technology company's stock valued at $699,000 after acquiring an additional 6,810 shares during the last quarter. Cim Investment Management Inc. lifted its stake in Q2 by 100.7% in the second quarter. Cim Investment Management Inc. now owns 13,713 shares of the technology company's stock worth $1,333,000 after purchasing an additional 6,882 shares during the last quarter. Caxton Associates LLP bought a new stake in Q2 in the second quarter worth about $201,000. Castleark Management LLC bought a new stake in Q2 in the second quarter worth about $5,341,000. Finally, Headlands Technologies LLC bought a new stake in Q2 in the second quarter worth about $26,000.

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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