Q2 Holdings Inc (NYSE:QTWO) insider Adam D. Blue sold 30,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $52.67, for a total transaction of $1,580,100.00. Following the sale, the insider now directly owns 76,848 shares of the company’s stock, valued at approximately $4,047,584.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE QTWO traded down $1.65 during trading hours on Friday, reaching $49.65. The company’s stock had a trading volume of 6,808 shares, compared to its average volume of 310,605. The firm has a market cap of $2.25 billion, a PE ratio of -103.33 and a beta of 1.48. Q2 Holdings Inc has a 52 week low of $36.25 and a 52 week high of $67.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 5.62 and a quick ratio of 5.62.
Q2 (NYSE:QTWO) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. The business had revenue of $60.50 million during the quarter, compared to analyst estimates of $60.18 million. Q2 had a negative net margin of 12.88% and a negative return on equity of 12.61%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. As a group, research analysts anticipate that Q2 Holdings Inc will post -0.5 earnings per share for the current fiscal year.
A number of research firms have recently commented on QTWO. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Q2 in a report on Thursday, August 9th. Zacks Investment Research cut shares of Q2 from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Loop Capital increased 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. Raymond James increased their target price on shares of Q2 from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, September 10th. Finally, DA Davidson increased their target price on shares of Q2 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. Nine 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 company. The company currently has an average rating of “Buy” and a consensus price target of $62.79.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH raised its holdings in Q2 by 6.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 20,319 shares of the technology company’s stock valued at $1,230,000 after buying an additional 1,275 shares during the last quarter. Legal & General Group Plc increased its position in Q2 by 11.7% during the 3rd quarter. Legal & General Group Plc now owns 13,129 shares of the technology company’s stock valued at $795,000 after purchasing an additional 1,370 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Q2 by 13.7% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 11,840 shares of the technology company’s stock valued at $675,000 after purchasing an additional 1,431 shares during the period. Barings LLC increased its position in Q2 by 23.2% during the 2nd quarter. Barings LLC now owns 8,200 shares of the technology company’s stock valued at $468,000 after purchasing an additional 1,543 shares during the period. Finally, WINTON GROUP Ltd increased its position in Q2 by 29.3% during the 3rd quarter. WINTON GROUP Ltd now owns 7,704 shares of the technology company’s stock valued at $466,000 after purchasing an additional 1,748 shares during the period. Institutional investors and hedge funds own 95.20% of the company’s stock.
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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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