The stock of Q2 Holdings Inc (NYSE:QTWO) hit a new 52-week high and has $41.54 target or 28.00% above today’s $32.45 share price. The 8 months bullish chart indicates low risk for the $1.32B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $41.54 price target is reached, the company will be worth $369.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 111,810 shares traded hands. Q2 Holdings Inc (NYSE:QTWO) has risen 33.01% since April 19, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.
Q2 Holdings Inc (NYSE:QTWO) Ratings Coverage
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. Q2 Holdings Inc has been the topic of 12 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Q2 Holdings Inc (NYSE:QTWO) earned “Outperform” rating by Northland Capital on Wednesday, December 9. The rating was initiated by Pacific Crest with “Sector Weight” on Friday, November 18. As per Friday, August 7, the company rating was maintained by Canaccord Genuity. The company was maintained on Friday, February 12 by Needham. The stock has “Outperform” rating given by RBC Capital Markets on Friday, August 7. Needham reinitiated Q2 Holdings Inc (NYSE:QTWO) on Tuesday, June 21 with “Buy” rating. The stock of Q2 Holdings Inc (NYSE:QTWO) has “Outperform” rating given on Friday, August 5 by RBC Capital Markets. On Wednesday, March 2 the stock rating was initiated by First Analysis with “Overweight”. 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 decreased to 1.18 in 2016 Q2. Its down 0.27, from 1.45 in 2016Q1. The ratio worsened, 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.
The Massachusetts-based State Street Corp has invested 0% in Q2 Holdings Inc (NYSE:QTWO). Castleark Mngmt Limited Liability Company accumulated 225,121 shares or 0.2% of the stock. The Pennsylvania-based Vanguard Group has invested 0% in Q2 Holdings Inc (NYSE:QTWO). Ridgeworth Capital Mngmt Limited Liability reported 29,455 shares or 0.01% of all its holdings. Diker Mgmt Ltd last reported 105,110 shares in the company. Raymond James Associate accumulated 66,176 shares or 0.01% of the stock. Cornercap Inv Counsel holds 15,819 shares or 0.08% of its portfolio. Battery Ix Ltd Limited Liability Company has invested 32.11% of its portfolio in Q2 Holdings Inc (NYSE:QTWO). Prescott Gru Cap Ltd Limited Liability Company has 18,000 shares for 0.12% of their US portfolio. Waddell & Reed Fincl Inc holds 0.03% of its portfolio in Q2 Holdings Inc (NYSE:QTWO) for 503,703 shares. Federated Invsts Pa has 1.14M shares for 0.09% of their US portfolio. Citigroup reported 4,213 shares or 0% of all its holdings. The Delaware-based Blackrock Advsrs Ltd Liability Corp has invested 0% in Q2 Holdings Inc (NYSE:QTWO). Arrowpoint Asset Mgmt Llc, a Colorado-based fund reported 124,698 shares. Geode Capital Ltd Liability Company last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 37 sales for $115.35 million net activity. 30,000 shares were sold by Seale R. H., worth $835,800 on Friday, July 8. Shares for $684,777 were sold by DOYLE CHARLES T on Tuesday, May 31. Soukup Stephen C sold 10,000 shares worth $266,500. Shares for $240,030 were sold by Breeden John E. Schaper Carl James also sold $561,200 worth of Q2 Holdings Inc (NYSE:QTWO) on Monday, September 26. Harris Jennifer Noel sold $270,000 worth of Q2 Holdings Inc (NYSE:QTWO) on Thursday, June 2. Shares for $11.25 million were sold by BROWN MICHAEL MAURICE.
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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