BidaskClub upgraded shares of Q2 Holdings, Inc. (NYSE:QTWO) from a hold rating to a buy rating in a research report released on Sunday morning.

QTWO has been the subject of several other research reports. Zacks Investment Research upgraded shares of Q2 Holdings from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Wednesday, August 9th. SunTrust Banks, Inc. assumed coverage on shares of Q2 Holdings in a research note on Monday, June 26th. They issued a buy rating and a $45.00 price objective for the company. Canaccord Genuity reiterated a buy rating and issued a $43.00 price objective on shares of Q2 Holdings in a research note on Tuesday, August 1st. Finally, KeyCorp reiterated a hold rating on shares of Q2 Holdings in a research note on Wednesday, September 13th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $42.13.

Q2 Holdings (NYSE:QTWO) opened at 42.05 on Friday. Q2 Holdings has a 12 month low of $25.23 and a 12 month high of $43.03. The firm has a 50 day moving average of $40.94 and a 200-day moving average of $38.84. The firm’s market cap is $1.74 billion.

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In other Q2 Holdings news, Director R. H. Seale sold 8,000 shares of Q2 Holdings stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $41.03, for a total transaction of $328,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Barry G. Benton sold 4,083 shares of Q2 Holdings stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.49, for a total transaction of $153,071.67. Following the transaction, the senior vice president now owns 24,820 shares of the company’s stock, valued at approximately $930,501.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 231,908 shares of company stock valued at $9,361,627. 24.50% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Adams Street Partners LLC raised its position in shares of Q2 Holdings by 0.4% in the second quarter. Adams Street Partners LLC now owns 3,443,275 shares of the technology company’s stock valued at $127,060,000 after buying an additional 14,808 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Q2 Holdings by 6.9% in the second quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock valued at $108,759,000 after buying an additional 190,171 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Q2 Holdings by 55.6% in the second quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after buying an additional 536,772 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Q2 Holdings by 7.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,410,134 shares of the technology company’s stock valued at $52,104,000 after buying an additional 101,616 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Q2 Holdings by 10.4% in the second quarter. Vanguard Group Inc. now owns 1,360,214 shares of the technology company’s stock valued at $50,261,000 after buying an additional 128,054 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

About Q2 Holdings

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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