Q2 Holdings Inc (NYSE:QTWO) Director R. H. Seale sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $62.29, for a total transaction of $934,350.00. Following the sale, the director now owns 381,962 shares of the company’s stock, valued at $23,792,412.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Q2 stock opened at $65.65 on Friday. Q2 Holdings Inc has a 52 week low of $36.25 and a 52 week high of $66.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 6.00 and a quick ratio of 6.00. The company has a market capitalization of $2.66 billion, a P/E ratio of -136.77 and a beta of 1.42.
Q2 (NYSE:QTWO) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.15. Q2 had a negative net margin of 12.07% and a negative return on equity of 14.66%. The firm had revenue of $58.57 million during the quarter, compared to analyst estimates of $58.34 million. equities analysts forecast that Q2 Holdings Inc will post -0.53 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Q2 by 0.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,854,945 shares of the technology company’s stock worth $130,042,000 after purchasing an additional 16,712 shares during the period. BlackRock Inc. boosted its stake in Q2 by 18.6% in the 2nd quarter. BlackRock Inc. now owns 2,462,356 shares of the technology company’s stock worth $140,477,000 after purchasing an additional 385,863 shares during the period. Artisan Partners Limited Partnership lifted its position in Q2 by 18.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,971,546 shares of the technology company’s stock worth $112,477,000 after buying an additional 308,155 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Q2 by 19.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,459,814 shares of the technology company’s stock worth $66,495,000 after buying an additional 233,716 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in Q2 by 3.0% in the 1st quarter. Federated Investors Inc. PA now owns 871,735 shares of the technology company’s stock worth $39,708,000 after buying an additional 25,790 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.
QTWO has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Q2 from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Saturday, August 11th. Stifel Nicolaus raised their target price on shares of Q2 from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 8th. Loop Capital raised their target price on shares of Q2 to $67.00 and gave the stock an “in-line” rating in a report on Thursday, August 9th. ValuEngine upgraded shares of Q2 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 12th. Finally, Canaccord Genuity raised their target price on shares of Q2 from $53.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, June 21st. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $58.38.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.
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