Q2 Holdings Inc (NYSE:QTWO) insider Matthew P. Flake sold 120,000 shares of Q2 stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $69.50, for a total transaction of $8,340,000.00. Following the completion of the sale, the insider now owns 298,999 shares in the company, valued at $20,780,430.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Q2 stock traded down $0.61 during trading on Thursday, reaching $73.38. The company’s stock had a trading volume of 14,594 shares, compared to its average volume of 570,002. The stock has a market cap of $3.15 billion, a PE ratio of -198.41 and a beta of 1.48. Q2 Holdings Inc has a 52 week low of $43.41 and a 52 week high of $76.08. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.08 and a current ratio of 2.08.
Q2 (NYSE:QTWO) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.21). The business had revenue of $71.30 million during the quarter, compared to the consensus estimate of $70.67 million. Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) EPS. Equities research analysts predict that Q2 Holdings Inc will post -0.64 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Tortoise Index Solutions LLC bought a new stake in shares of Q2 in the first quarter valued at about $39,000. Advisor Group Inc. boosted its position in shares of Q2 by 69.8% in the first quarter. Advisor Group Inc. now owns 659 shares of the technology company’s stock valued at $46,000 after acquiring an additional 271 shares during the period. Pearl River Capital LLC bought a new stake in Q2 during the first quarter worth about $76,000. Marshall Wace North America L.P. lifted its position in Q2 by 82.2% during the first quarter. Marshall Wace North America L.P. now owns 1,800 shares of the technology company’s stock worth $125,000 after purchasing an additional 812 shares during the period. Finally, Strs Ohio bought a new stake in Q2 during the first quarter worth about $145,000. 98.72% of the stock is owned by institutional investors.
QTWO has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on shares of Q2 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 15th. SunTrust Banks upgraded shares of Q2 from a “hold” rating to a “buy” rating and boosted their target price for the stock from $68.00 to $84.00 in a report on Friday, March 1st. Needham & Company LLC restated a “buy” rating and set a $80.00 target price (up from $70.00) on shares of Q2 in a report on Friday, March 1st. KeyCorp boosted their target price on shares of Q2 from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, DA Davidson downgraded shares of Q2 from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $48.00 to $52.00 in a report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Q2 has an average rating of “Buy” and an average price target of $71.04.
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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 Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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