Is Q2 Holdings (NYSE:QTWO) a Sell? What does Northland Capital Think?


Why Has Northland Capital Given Q2 Holdings (NYSE:QTWO) a $35.0 Price Target

Northland Capital have initiated its coverage for Q2 Holdings (NYSE:QTWO), this morning 9 December. The firm found the stock of QTWO quite attractive and now has a Estimated Target Price of $35.0 with a key Outperform rating.

From a total of 7 analysts covering Q2 Holdings Inc (NYSE:QTWO) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $34 while the lowest target price is $24. The mean of all analyst targets is $31 with a 16.85% above today’s ($26.7) stock price. Q2 Holdings Inc was the topic of 6 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on August 7 with “Outperform” rating.

Approximately shares of stock traded hands. Q2 Holdings Inc (NYSE:QTWO) has risen 27.37% since May 6, 2015 and is uptrending. It has outperformed by 28.17% the S&P500.

The overall sentiment of institutions has decreased to 1.39 in Q2 2015. Its down 0.53, from 1.92 in 2015Q2. The ratio dropped, as 10 institutions have sold all the shares of Q2 Holdings Inc that they owned while 41 funds have taken shares off the table. 28 funds have purchased shares for the first time while 43 added to their positions. These institutions now hold 24.58 million shares or 12.12% more than the 21.92 million shares they owned in 2015Q2.

The Fund Battery Partners Ix Llc currently is holding shares equating to 29.97% of its total portfolio in Q2 Holdings Inc representing a total of 3.25 million shares. Another fund,Wall Street Associates, is holding a total of 271,442 shares equating to 1.28% of their holdings. Additionally, Pier Capital Llc has a 309,797 share stake in Q2 Holdings Inc which represents 1.25% of their total portfolio. The Fund, Empire Capital Management L.L.C., based out of Connecticut, has also built up a stake in the stock, which represents a total of 1.04% of their total portfolio. Finally Timpani Capital Management Llc, a fund which is based in the state of Wisconsin reported a total holdings of 91,488 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 4, 2015, shareholders of Q2 Holdings Inc have witnessed 0 insider purchases, and a total of 19 insider sales equating to a net activity of approximately $94.92 million . Brown Michael Maurice sold 138,228 shares worth approximately $3.37M. Flake Matthew P sold 34,547 shares worth approximately $880,949. Offerdahl James sold 3,040 shares worth approximately $77,520. Diehl Jeffrey T sold 289,687 shares worth approximately $7.39M. The company insider Seale R. H. sold 104,348 shares worth $2.66M.

Q2 Holdings, Inc. is a provider of secure, cloud virtual banking solutions. The company has a market cap of $1.03 billion. The Firm enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. It currently has negative earnings. It delivers virtual banking experience 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.” Get a free copy of the Zacks research report on Q2 Holdings Inc (QTWO).