Q2 Holdings Inc (NYSE:QTWO) insider William M. Furrer sold 8,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $37.69, for a total transaction of $301,520.00. Following the transaction, the insider now directly owns 43,614 shares of the company’s stock, valued at $1,643,811.66. The sale was disclosed in a document filed with the SEC, which is available through this link.
Q2 Holdings Inc (NYSE QTWO) opened at $37.90 on Friday. Q2 Holdings Inc has a one year low of $29.40 and a one year high of $44.35.
Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The firm had revenue of $50.10 million during the quarter, compared to analyst estimates of $50.05 million. During the same period in the previous year, the business posted ($0.24) EPS. Q2’s revenue was up 30.8% on a year-over-year basis. research analysts forecast that Q2 Holdings Inc will post -0.48 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in QTWO. California Public Employees Retirement System bought a new stake in shares of Q2 in the 3rd quarter worth approximately $367,000. Artisan Partners Limited Partnership raised its holdings in shares of Q2 by 4.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock worth $68,657,000 after purchasing an additional 77,433 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Q2 by 18.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 144,668 shares of the technology company’s stock worth $6,026,000 after purchasing an additional 22,214 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Q2 in the 3rd quarter worth approximately $1,125,000. Finally, Axiom International Investors LLC DE raised its holdings in shares of Q2 by 12.9% in the 3rd quarter. Axiom International Investors LLC DE now owns 182,129 shares of the technology company’s stock worth $7,586,000 after purchasing an additional 20,875 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.
Several brokerages have weighed in on QTWO. JPMorgan Chase & Co. lowered shares of Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday, December 12th. Morgan Stanley raised their price objective on shares of Q2 from $40.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Q2 in a report on Friday, November 3rd. BidaskClub raised shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $43.00 price target on shares of Q2 in a report on Monday, October 30th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.36.
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Q2 Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. 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.
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