Q2 (NYSE:QTWO) Earns Hold (C-) Rating from Weiss Ratings

Q2 (NYSE:QTWO - Get Free Report)'s stock had its "hold (c-)" rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on QTWO. Zacks Research cut Q2 from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. JPMorgan Chase & Co. reduced their target price on Q2 from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, September 24th. Royal Bank Of Canada lifted their target price on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Needham & Company LLC lifted 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. Finally, Stifel Nicolaus lifted their target price on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $101.94.

Q2 Trading Down 0.1%

Shares of QTWO stock opened at $64.32 on Wednesday. Q2 has a 12-month low of $63.61 and a 12-month high of $112.82. The stock's 50-day moving average price is $76.40 and its 200-day moving average price is $82.40. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 1,286.66 and a beta of 1.47.

Insider Activity

In other news, Director James Offerdahl sold 786 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the transaction, the director owned 17,792 shares of the company's stock, valued at approximately $1,319,276.80. This represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John E. Breeden sold 6,105 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the transaction, the insider directly owned 149,643 shares in the company, valued at approximately $11,263,628.61. This represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,499 shares of company stock valued at $650,658. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QTWO. GAMMA Investing LLC grew its stake in shares of Q2 by 10,149.6% during the first quarter. GAMMA Investing LLC now owns 28,084 shares of the technology company's stock valued at $2,247,000 after buying an additional 27,810 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Q2 by 6.9% in the first quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock valued at $6,987,000 after purchasing an additional 5,672 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Q2 by 377.9% in the first quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock valued at $977,000 after purchasing an additional 9,658 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Q2 by 1,043.1% in the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company's stock valued at $76,408,000 after purchasing an additional 871,437 shares during the period. Finally, Elevation Point Wealth Partners LLC boosted its holdings in shares of Q2 by 19.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 3,589 shares of the technology company's stock valued at $287,000 after purchasing an additional 595 shares during the period.

Q2 Company Profile

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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