Q2 Holdings (QTWO) Reaches $43.00 52-Week High; Allete (ALE) Sellers Decreased By 7.81% Their Shorts

October 13, 2017 - By Michael Collier

The stock of Q2 Holdings Inc (NYSE:QTWO) hit a new 52-week high and has $46.44 target or 8.00% above today’s $43.00 share price. The 8 months bullish chart indicates low risk for the $1.78 billion company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $46.44 price target is reached, the company will be worth $142.40 million more. About 116,201 shares traded. Q2 Holdings Inc (NYSE:QTWO) has risen 76.19% since October 13, 2016 and is uptrending. It has outperformed by 59.49% the S&P500.

Allete Incorporated (NYSE:ALE) had a decrease of 7.81% in short interest. ALE’s SI was 791,100 shares in October as released by FINRA. Its down 7.81% from 858,100 shares previously. With 179,300 avg volume, 4 days are for Allete Incorporated (NYSE:ALE)’s short sellers to cover ALE’s short positions. About 96,803 shares traded. ALLETE Inc (NYSE:ALE) has risen 26.32% since October 13, 2016 and is uptrending. It has outperformed by 9.62% the S&P500.

Among 5 analysts covering ALLETE Inc (NYSE:ALE), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. ALLETE Inc had 11 analyst reports since October 15, 2015 according to SRatingsIntel. Williams Capital Group maintained the stock with “Buy” rating in Monday, June 19 report. As per Thursday, October 12, the company rating was maintained by JP Morgan. The stock has “Market Perform” rating by Wells Fargo on Thursday, October 15. On Tuesday, December 8 the stock rating was upgraded by Wunderlich to “Buy”. The firm earned “Underweight” rating on Wednesday, March 30 by JP Morgan. The stock of ALLETE Inc (NYSE:ALE) has “Hold” rating given on Tuesday, March 29 by Williams Capital Group. Williams Capital Group downgraded the shares of ALE in report on Thursday, October 12 to “Hold” rating. The firm has “Neutral” rating given on Friday, November 4 by Macquarie Research. The company was downgraded on Monday, October 19 by Wunderlich. The firm has “Buy” rating given on Friday, April 21 by Williams Capital Group.

Since May 9, 2017, it had 0 insider buys, and 1 sale for $139,340 activity. $139,340 worth of ALLETE Inc (NYSE:ALE) shares were sold by DeVinck Steven Q.

ALLETE, Inc. is an energy company. The Company’s divisions include Regulated Operations, ALLETE Clean Energy, Inc. , U.S. The company has market cap of $4.00 billion. Water Services Holding Company (U.S. It has a 23.09 P/E ratio. Water Services), and Corporate and Other.

Investors sentiment decreased to 1.31 in Q2 2017. Its down 0.52, from 1.83 in 2017Q1. It turned negative, as 20 investors sold ALLETE Inc shares while 71 reduced holdings. 32 funds opened positions while 87 raised stakes. 35.07 million shares or 1.35% less from 35.55 million shares in 2017Q1 were reported. Friedberg Inv reported 25,148 shares. Inv Inc has invested 0.49% in ALLETE Inc (NYSE:ALE). The Pennsylvania-based Rodgers Brothers has invested 0.11% in ALLETE Inc (NYSE:ALE). Manufacturers Life Insur The has 38,884 shares. Putnam Invs Lc stated it has 0.01% in ALLETE Inc (NYSE:ALE). Sei accumulated 92,970 shares. Amp Capital has 0% invested in ALLETE Inc (NYSE:ALE). Retail Bank Of Montreal Can owns 2,649 shares for 0% of their portfolio. Trexquant Limited Partnership has invested 0.08% in ALLETE Inc (NYSE:ALE). Parkside Commercial Bank & Tru holds 0% or 33 shares in its portfolio. Legal And General Public Limited Company has invested 0.01% of its portfolio in ALLETE Inc (NYSE:ALE). Deroy And Devereaux Private Counsel has invested 2.03% in ALLETE Inc (NYSE:ALE). Raymond James Advisors reported 0.01% stake. State Street reported 0.01% of its portfolio in ALLETE Inc (NYSE:ALE). Mutual Of America Management Ltd has 0% invested in ALLETE Inc (NYSE:ALE) for 800 shares.

Investors sentiment decreased to 1.61 in 2017 Q2. Its down 0.18, from 1.79 in 2017Q1. It turned negative, as 18 investors sold Q2 Holdings Inc shares while 31 reduced holdings. 27 funds opened positions while 52 raised stakes. 34.05 million shares or 0.54% more from 33.86 million shares in 2017Q1 were reported. 400 are owned by Benjamin F Edwards And Communications Incorporated. Symmetry Peak Management Ltd Liability reported 0.07% in Q2 Holdings Inc (NYSE:QTWO). Axiom Intl Invsts Ltd Liability De invested in 161,254 shares. Lpl Ltd Limited Liability Company holds 0% or 13,342 shares. Oppenheimer Asset Management invested in 2,980 shares or 0% of the stock. Par Mgmt holds 0.07% of its portfolio in Q2 Holdings Inc (NYSE:QTWO) for 165,000 shares. Tiaa Cref Inv Mgmt Limited Liability Company reported 84,200 shares or 0% of all its holdings. Grp Inc Inc reported 0% stake. Battery Prns Ix Ltd Llc invested 24.85% of its portfolio in Q2 Holdings Inc (NYSE:QTWO). Cubist Systematic Strategies Ltd Com invested in 13,947 shares. Emerald Mutual Fund Advisers Trust reported 0.1% in Q2 Holdings Inc (NYSE:QTWO). Renaissance Technologies Ltd Company, New York-based fund reported 138,100 shares. Swiss National Bank holds 0% in Q2 Holdings Inc (NYSE:QTWO) or 50,500 shares. Moreover, California State Teachers Retirement Sys has 0% invested in Q2 Holdings Inc (NYSE:QTWO) for 55,564 shares. Axa reported 81,000 shares stake.

Among 12 analysts covering Q2 Holdings Inc (NYSE:QTWO), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Q2 Holdings Inc has $45 highest and $25 lowest target. $41’s average target is -4.65% below currents $43 stock price. Q2 Holdings Inc had 22 analyst reports since August 4, 2015 according to SRatingsIntel. Canaccord Genuity maintained Q2 Holdings Inc (NYSE:QTWO) on Friday, August 7 with “Buy” rating. Northland Capital initiated the shares of QTWO in report on Wednesday, December 9 with “Outperform” rating. Canaccord Genuity maintained the shares of QTWO in report on Monday, June 5 with “Buy” rating. The stock of Q2 Holdings Inc (NYSE:QTWO) earned “Buy” rating by Needham on Tuesday, June 21. KeyBanc Capital Markets maintained Q2 Holdings Inc (NYSE:QTWO) on Monday, September 11 with “Hold” rating. The stock of Q2 Holdings Inc (NYSE:QTWO) has “Buy” rating given on Thursday, August 3 by RBC Capital Markets. On Friday, February 17 the stock rating was maintained by Needham with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $43.0 target in Sunday, September 10 report. RBC Capital Markets maintained Q2 Holdings Inc (NYSE:QTWO) on Friday, August 5 with “Outperform” rating. On Friday, November 18 the stock rating was initiated by Pacific Crest with “Sector Weight”.

Q2 Holdings, Inc. is a provider of cloud digital banking solutions. The company has market cap of $1.78 billion. The Firm enables regional and community financial institutions , to deliver a suite of integrated digital banking services. It currently has negative earnings. 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.

Analysts await Q2 Holdings Inc (NYSE:QTWO) to report earnings on November, 1. They expect $-0.15 EPS, up 6.25% or $0.01 from last year’s $-0.16 per share. After $-0.15 actual EPS reported by Q2 Holdings Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since May 1, 2017, it had 0 buys, and 14 sales for $7.72 million activity. $37,630 worth of Q2 Holdings Inc (NYSE:QTWO) was sold by Offerdahl James on Tuesday, June 13. Flake Matthew P had sold 31,000 shares worth $1.22 million. The insider Benton Barry G sold $57,900. 43,952 shares valued at $1.69M were sold by Anderson Adam D on Monday, May 1. Shares for $982 were sold by DOYLE CHARLES T on Thursday, June 8. Schaper Carl James had sold 255 shares worth $9,609. Harris Jennifer Noel sold $393,800 worth of stock.

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