Q2 Holdings, Inc. (NYSE:QTWO)‘s stock had its “hold” rating reaffirmed by KeyCorp in a research note issued on Wednesday.

A number of other research firms have also issued reports on QTWO. Zacks Investment Research raised Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and set a $43.00 price target on shares of Q2 Holdings in a report on Tuesday, August 1st. ValuEngine raised Q2 Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, SunTrust Banks, Inc. initiated coverage on Q2 Holdings in a report on Monday, June 26th. They set a “buy” rating and a $45.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Q2 Holdings has a consensus rating of “Buy” and a consensus target price of $42.13.

Q2 Holdings (NYSE QTWO) opened at 41.00 on Wednesday. The stock has a 50 day moving average price of $39.11 and a 200 day moving average price of $37.79. Q2 Holdings has a one year low of $25.23 and a one year high of $41.70. The firm’s market cap is $1.69 billion.

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In related news, President Odus Edward Wittenburg, Jr. sold 21,250 shares of the firm’s stock in a transaction dated 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 sale, the president now owns 75,660 shares in the company, valued at $3,018,077.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $37.63, for a total transaction of $37,630.00. Following the completion of the sale, the director now owns 6,043 shares of the company’s stock, valued at approximately $227,398.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 328,833 shares of company stock valued at $12,450,789. 24.50% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Q2 Holdings in the second quarter valued at about $542,000. Public Employees Retirement System of Ohio acquired a new stake in Q2 Holdings in the second quarter valued at about $1,717,000. Ameritas Investment Partners Inc. lifted its position in Q2 Holdings by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after purchasing an additional 759 shares during the period. California State Teachers Retirement System lifted its position in Q2 Holdings by 10.4% in the second quarter. California State Teachers Retirement System now owns 55,564 shares of the technology company’s stock valued at $2,053,000 after purchasing an additional 5,249 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Q2 Holdings by 22.8% in the second quarter. The Manufacturers Life Insurance Company now owns 24,616 shares of the technology company’s stock valued at $909,000 after purchasing an additional 4,571 shares during the period. Hedge funds and other institutional investors own 92.74% 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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