Loop Capital Boosts Q2 Holdings, Inc. (NYSE:QTWO) Price Target to $49.00

Q2 Holdings, Inc. (NYSE:QTWO) had its price target upped by Loop Capital from $42.00 to $49.00 in a research report report published on Friday, November 3rd. They currently have a positive rating on the technology company’s stock.

QTWO has been the subject of a number of other reports. Zacks Investment Research raised Q2 Holdings from a sell rating to a hold rating in a report on Tuesday, October 10th. Canaccord Genuity restated a buy rating and issued a $43.00 price objective on shares of Q2 Holdings in a research report on Tuesday, August 1st. BidaskClub cut Q2 Holdings from a buy rating to a hold rating in a research report on Monday, October 23rd. Finally, KeyCorp restated a hold rating on shares of Q2 Holdings in a research report on Wednesday, September 13th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $45.67.

Shares of Q2 Holdings (NYSE:QTWO) opened at $43.05 on Friday. Q2 Holdings has a twelve month low of $27.80 and a twelve month high of $43.65.

Q2 Holdings (NYSE:QTWO) last released its earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. Q2 Holdings had a negative return on equity of 20.50% and a negative net margin of 15.27%. The firm had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The company’s revenue was up 30.8% compared to the same quarter last year. analysts anticipate that Q2 Holdings will post -0.49 EPS for the current fiscal year.

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In related news, EVP John E. Breeden sold 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $39.42, for a total transaction of $394,200.00. Following the transaction, the executive vice president now owns 64,694 shares of the company’s stock, valued at approximately $2,550,237.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Barry G. Benton sold 1,500 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $38.19, for a total value of $57,285.00. Following the sale, the senior vice president now owns 23,487 shares in the company, valued at approximately $896,968.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 227,825 shares of company stock worth $9,237,255. Corporate insiders own 24.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Axiom International Investors LLC DE increased its holdings in shares of Q2 Holdings by 12.9% in the 3rd 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 last quarter. Legal & General Group Plc increased its holdings in shares of Q2 Holdings by 79.1% in the 3rd 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 last quarter. American International Group Inc. increased its holdings in shares of Q2 Holdings by 8.1% in the 3rd quarter. American International Group Inc. now owns 21,014 shares of the technology company’s stock valued at $875,000 after acquiring an additional 1,572 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Q2 Holdings by 17.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 856,395 shares of the technology company’s stock valued at $35,669,000 after acquiring an additional 126,607 shares during the last quarter. Finally, Columbus Circle Investors increased its holdings in shares of Q2 Holdings by 16.4% in the 3rd quarter. Columbus Circle Investors now owns 155,778 shares of the technology company’s stock valued at $6,488,000 after acquiring an additional 21,957 shares during the last quarter. Institutional investors own 94.11% 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)

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