Q2 Holdings Inc (NYSE:QTWO) CTO Adam D. Blue sold 5,025 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $44.81, for a total transaction of $225,170.25. Following the sale, the chief technology officer now owns 35,780 shares in the company, valued at approximately $1,603,301.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Q2 Holdings Inc (QTWO) traded up $0.30 during trading hours on Thursday, reaching $45.30. 1,430,000 shares of the company traded hands, compared to its average volume of 300,338. The company has a market cap of $1,890.00, a P/E ratio of -70.78 and a beta of 1.59. Q2 Holdings Inc has a fifty-two week low of $31.95 and a fifty-two week high of $46.40.
Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $51.70 million during the quarter, compared to the consensus estimate of $51.70 million. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.61%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. equities research analysts anticipate that Q2 Holdings Inc will post -0.43 EPS for the current year.
QTWO has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $48.00 price target (up previously from $43.00) on shares of Q2 in a research report on Friday, November 3rd. DA Davidson initiated coverage on shares of Q2 in a research report on Thursday, November 16th. They set a “neutral” rating and a $38.00 price target on the stock. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. BTIG Research reiterated a “buy” rating and set a $47.00 price target on shares of Q2 in a research report on Sunday, November 5th. Finally, Canaccord Genuity lowered shares of Q2 from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Q2 has a consensus rating of “Hold” and an average target price of $46.58.
Large investors have recently modified their holdings of the stock. Artisan Partners Limited Partnership lifted its stake in Q2 by 4.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock valued at $68,657,000 after purchasing an additional 77,433 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Q2 by 29.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 136,076 shares of the technology company’s stock valued at $5,028,000 after purchasing an additional 30,729 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Q2 by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 150,693 shares of the technology company’s stock valued at $6,278,000 after purchasing an additional 3,859 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Q2 by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 264,591 shares of the technology company’s stock valued at $11,020,000 after purchasing an additional 7,676 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Q2 by 21.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 84,200 shares of the technology company’s stock valued at $3,111,000 after purchasing an additional 15,081 shares during the last quarter. 89.88% of the stock is owned by institutional investors and hedge funds.
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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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