Q2 Holdings (NYSE:QTWO) Director R. H. Seale sold 39,440 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $47.30, for a total value of $1,865,512.00. Following the completion of the sale, the director now owns 380,188 shares in the company, valued at approximately $17,982,892.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE QTWO opened at $45.70 on Monday. Q2 Holdings has a one year low of $31.95 and a one year high of $48.75.
Q2 (NYSE:QTWO) last posted 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. Q2 had a negative return on equity of 19.34% and a negative net margin of 13.49%. The firm had revenue of $51.70 million during the quarter, compared to the consensus estimate of $51.70 million. During the same period in the prior year, the company earned ($0.03) EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. analysts anticipate that Q2 Holdings will post -0.44 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of QTWO. State Street Corp increased its stake in shares of Q2 by 18.2% in the 2nd quarter. State Street Corp now owns 548,242 shares of the technology company’s stock worth $20,258,000 after acquiring an additional 84,276 shares during the last quarter. Sei Investments Co. increased its stake in shares of Q2 by 77.0% in the 3rd quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock worth $262,000 after acquiring an additional 2,739 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Q2 by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 484,457 shares of the technology company’s stock worth $20,178,000 after acquiring an additional 17,940 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Q2 in the 3rd quarter worth $217,000. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 worth $6,278,000 after acquiring an additional 3,859 shares during the last quarter. 90.04% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on QTWO shares. Zacks Investment Research lowered Q2 from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Needham & Company LLC upped their price objective on Q2 from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Morgan Stanley upped their price objective on Q2 from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, February 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price on shares of Q2 in a research note on Friday, February 16th. Finally, Wells Fargo began coverage on Q2 in a research note on Thursday, February 8th. They set an “outperform” rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $46.58.
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Q2 Company Profile
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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