Q2 Holdings Inc (NYSE:QTWO) – William Blair decreased their Q2 2019 EPS estimates for shares of Q2 in a report issued on Tuesday, June 11th. William Blair analyst R. Napoli now anticipates that the technology company will earn ($0.23) per share for the quarter, down from their previous forecast of ($0.21). William Blair currently has a “Outperform” rating and a $69.71 target price on the stock. William Blair also issued estimates for Q2’s Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.07) EPS, FY2019 earnings at ($0.62) EPS, FY2020 earnings at ($0.49) EPS and FY2021 earnings at ($0.14) EPS.
Several other research firms have also recently commented on QTWO. Zacks Investment Research upgraded Q2 from a “hold” rating to a “strong-buy” rating and set a $87.00 price target for the company in a report on Wednesday, May 1st. Stephens cut Q2 from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $76.00 to $73.00 in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Wells Fargo & Co lifted their price target on Q2 from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. KeyCorp lifted their price target on Q2 from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $80.00 price target (up previously from $70.00) on shares of Q2 in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $71.04.
QTWO opened at $75.16 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -203.14 and a beta of 1.48. Q2 has a 12 month low of $43.41 and a 12 month high of $76.25.
Q2 (NYSE:QTWO) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.21). The business had revenue of $71.30 million during the quarter, compared to analysts’ expectations of $70.67 million. Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) EPS.
Large investors have recently modified their holdings of the company. Tortoise Index Solutions LLC purchased a new position in Q2 in the 1st quarter worth approximately $39,000. Advisor Group Inc. boosted its holdings in Q2 by 69.8% in the 1st quarter. Advisor Group Inc. now owns 659 shares of the technology company’s stock worth $46,000 after acquiring an additional 271 shares during the period. Pearl River Capital LLC purchased a new position in Q2 in the 1st quarter worth approximately $76,000. Marshall Wace North America L.P. boosted its holdings in Q2 by 82.2% in the 1st quarter. Marshall Wace North America L.P. now owns 1,800 shares of the technology company’s stock worth $125,000 after acquiring an additional 812 shares during the period. Finally, Strs Ohio purchased a new position in Q2 in the 1st quarter worth approximately $145,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
In other news, EVP Rekha Garapati sold 2,225 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $70.20, for a total transaction of $156,195.00. Following the completion of the sale, the executive vice president now owns 53,285 shares in the company, valued at approximately $3,740,607. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John E. Breeden sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $68.57, for a total value of $342,850.00. Following the sale, the executive vice president now owns 75,838 shares of the company’s stock, valued at approximately $5,200,211.66. The disclosure for this sale can be found here. Insiders have sold a total of 493,108 shares of company stock valued at $34,520,986 in the last quarter. Company insiders own 17.90% of the company’s stock.
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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