The stock of Q2 Holdings Inc (NYSE:QTWO) is a huge mover today! About 329,293 shares traded hands or 85.06% up from the average. Q2 Holdings Inc (NYSE:QTWO) has risen 17.18% since April 5, 2016 and is uptrending. It has outperformed by 15.23% the S&P500.
The move comes after 8 months positive chart setup for the $1.18B company. It was reported on Nov, 7 by Barchart.com. We have $40.98 PT which if reached, will make NYSE:QTWO worth $472.00 million more.
Q2 Holdings Inc (NYSE:QTWO) Ratings Coverage
Out of 7 analysts covering Q2 Holdings Inc (NYSE:QTWO), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Q2 Holdings Inc has been the topic of 11 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Q2 Holdings Inc (NYSE:QTWO) has “Outperform” rating given on Wednesday, December 9 by Northland Capital. Canaccord Genuity maintained Q2 Holdings Inc (NYSE:QTWO) rating on Friday, August 7. Canaccord Genuity has “Buy” rating and $32.0 price target. RBC Capital Markets maintained Q2 Holdings Inc (NYSE:QTWO) on Friday, August 7 with “Outperform” rating. On Wednesday, March 2 the stock rating was initiated by First Analysis with “Overweight”. Needham maintained the shares of QTWO in a report on Friday, February 12 with “Buy” rating. Needham reinitiated the stock with “Buy” rating in Tuesday, June 21 report. RBC Capital Markets maintained Q2 Holdings Inc (NYSE:QTWO) on Friday, August 5 with “Outperform” rating. The firm earned “Buy” rating on Friday, August 7 by Needham.
According to Zacks Investment Research, “Q2 Holdings, Inc. provides secure, cloud-based virtual banking solutions. The Company’s solutions include Q2online, Q2themes, Q2mobility App, Q2mobile Remote Deposit Capture, Q2text, Q2voice, Q2clarity and Q2 Risk & Fraud Analytics. It enables regional and community financial institutions, or RCFIs, to deliver a suite of integrated virtual banking services. Q2 Holdings, Inc. is headquartered in Austin, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.56, from 0.89 in 2016Q1. The ratio increased, as 9 funds sold all Q2 Holdings Inc shares owned while 35 reduced positions. 20 funds bought stakes while 44 increased positions. They now own 28.40 million shares or 4.04% more from 27.30 million shares in 2016Q1.
Moreover, State Of Wisconsin Board has 0.02% invested in Q2 Holdings Inc (NYSE:QTWO) for 150,000 shares. Tiverton Asset Management Limited holds 0.21% of its portfolio in Q2 Holdings Inc (NYSE:QTWO) for 127,878 shares. Needham Ltd Liability, a New York-based fund reported 32,500 shares. American Century accumulated 311,591 shares or 0.01% of the stock. Blackrock Advsr Ltd Limited Liability Company owns 11,794 shares or 0% of their US portfolio. American Grp accumulated 14,719 shares or 0% of the stock. Artisan Prtnrs Ltd Partnership reported 1.76 million shares or 0.1% of all its holdings. Mackenzie Financial Corp last reported 48,213 shares in the company. Citigroup accumulated 4,213 shares or 0% of the stock. Federated Pa holds 0.09% or 1.14 million shares in its portfolio. Jennison Associates Ltd Liability Corporation last reported 1.89M shares in the company. The Oklahoma-based Prescott Gp Limited Liability Corp has invested 0.12% in Q2 Holdings Inc (NYSE:QTWO). Clearbridge Llc accumulated 432,146 shares or 0.24% of the stock. Moreover, Neuberger Berman Group Inc Lc has 0% invested in Q2 Holdings Inc (NYSE:QTWO) for 20,000 shares. The New York-based Tiaa Cref Inv Mgmt Ltd Liability Corporation has invested 0% in Q2 Holdings Inc (NYSE:QTWO).
Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 38 insider sales for $130.36 million net activity. 10,000 shares with value of $290,000 were sold by Manning Sherri on Tuesday, July 26. 26 shares were sold by DOYLE CHARLES T, worth $724 on Monday, September 12. 1.70 million shares were sold by Diehl Jeffrey T, worth $48.09M. BROWN MICHAEL MAURICE also sold $1.15M worth of Q2 Holdings Inc (NYSE:QTWO) shares. $48.09M worth of shares were sold by ADAMS STREET PARTNERS LLC on Wednesday, August 24. 20,000 Q2 Holdings Inc (NYSE:QTWO) shares with value of $561,200 were sold by Schaper Carl James. Anderson Adam D sold $962,225 worth of stock.
More news for Q2 Holdings Inc (NYSE:QTWO) were recently published by: Businesswire.com, which released: “Q2 Holdings, Inc. Announces Third Quarter 2016 Financial Results” on November 02, 2016. Businesswire.com‘s article titled: “Q2 Holdings, Inc. Announces Investor Conference Call to Review Third Quarter …” and published on October 11, 2016 is yet another important article.
QTWO Company Profile
Q2 Holdings, Inc., incorporated on March 31, 2005, is a well-known provider of secure, cloud virtual banking solutions. The Firm enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Firm delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI clients and their account holders. The Company’s software-as-a-service (SaaS) delivery model is designed to scale with its clients as they add account holders on its solutions. The Firm sells subscriptions to its cloud solutions through its direct sales organization. The Company’s solutions include Q2online, Q2 Risk & Fraud Analytics, Q2 Treasury, Q2mobility App, Q2mobile Remote Deposit Capture, Q2text, Q2voice, Q2themes and Q2clarity. The Company’s solutions provide both behavioral analytics and policy decision prompts to identify suspect transactions and allow RCFI administrators to analyze transaction activity.
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