November 23, 2016 - By Darrin Black
Barry Benton, the well informed person, who is also the SVP – General Counsel of Q2 Holdings Inc made a sale of approximately 1,100 shares of the corporation with market value of roughly $35,310 USD based on a stock price of 32.1 USD of a share. At present, he has in hand a total of 14,623 shares or 0.04% of the company’s market cap. This is according to a SEC Form 4 dated November 22, 2016.
Out of 8 analysts covering Q2 Holdings Inc (NYSE:QTWO), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $35 is the highest target while $25 is the lowest. The $30.50 average target is -2.40% below today’s ($31.25) stock price. Q2 Holdings Inc has been the topic of 12 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Sector Weight” rating given on Friday, November 18 by Pacific Crest. On Tuesday, June 21 the stock rating was reinitiated by Needham with “Buy”. Northland Capital initiated Q2 Holdings Inc (NYSE:QTWO) rating on Wednesday, December 9. Northland Capital has “Outperform” rating and $35 price target. The rating was initiated by First Analysis with “Overweight” on Wednesday, March 2. The stock of Q2 Holdings Inc (NYSE:QTWO) earned “Buy” rating by Canaccord Genuity on Friday, August 7. As per Friday, August 7, the company rating was maintained by RBC Capital Markets. Needham maintained it with “Buy” rating and $25 target price in Friday, February 12 report. Needham maintained the stock with “Buy” rating in Friday, August 7 report. The stock of Q2 Holdings Inc (NYSE:QTWO) has “Outperform” rating given on Friday, August 5 by RBC Capital Markets.
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.27, from 1.45 in 2016Q1. The ratio dropped, 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.
Retail Bank Of Mellon has invested 0% of its portfolio in Q2 Holdings Inc (NYSE:QTWO). Goldman Sachs last reported 10,263 shares in the company. Neuberger Berman Gru Ltd Liability Company last reported 20,000 shares in the company. Diker Limited Com, a New York-based fund reported 105,110 shares. State Street, a Massachusetts-based fund reported 382,048 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 418 shares or 0% of the stock. Ameriprise Financial reported 332,534 shares or 0.01% of all its holdings. Strs Ohio accumulated 11,200 shares or 0% of the stock. Los Angeles Capital Mngmt And Equity Rech Inc owns 10,850 shares or 0% of their US portfolio. Citigroup Incorporated, a New York-based fund reported 4,213 shares. Schwab Charles Invest Mgmt Incorporated has invested 0% of its portfolio in Q2 Holdings Inc (NYSE:QTWO). Next Century Growth Lc holds 0.89% of its portfolio in Q2 Holdings Inc (NYSE:QTWO) for 679,051 shares. Columbia Wanger Asset Mngmt Ltd Co has 0.22% invested in the company for 689,760 shares. Moreover, Nationwide Fund Advsr has 0.01% invested in Q2 Holdings Inc (NYSE:QTWO) for 61,115 shares. Raymond James & Associate last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 36 selling transactions for $115.26 million net activity. $703,250 worth of Q2 Holdings Inc (NYSE:QTWO) shares were sold by Seale R. H.. $24,675 worth of Q2 Holdings Inc (NYSE:QTWO) shares were sold by Schultz Lorrie. Benton Barry G had sold 1,500 shares worth $43,500. $240,030 worth of Q2 Holdings Inc (NYSE:QTWO) was sold by Breeden John E on Monday, August 15. Another trade for 1,000 shares valued at $30,000 was made by Offerdahl James on Friday, November 11. On Monday, September 26 Schaper Carl James sold $561,200 worth of the stock or 20,000 shares. Shares for $270,000 were sold by Harris Jennifer Noel.
The stock decreased 4.14% or $1.35 during the last trading session, hitting $31.25. About 209,552 shares traded hands. Q2 Holdings Inc (NYSE:QTWO) has risen 26.01% since April 21, 2016 and is uptrending. It has outperformed by 20.68% the S&P500.
Q2 Holdings, Inc. is a provider of secure, cloud virtual banking solutions. The company has a market cap of $1.25 billion. The Firm enables regional and community financial institutions to deliver a range of virtual banking services. It currently has negative earnings. The Firm delivers virtual banking solutions across online, mobile, voice and tablet channels.
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.”
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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By Darrin Black