Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 15,000 shares of Q2 Holdings stock in a transaction on Monday, July 10th. The stock was sold at an average price of $37.32, for a total transaction of $559,800.00. Following the completion of the sale, the director now owns 383,903 shares of the company’s stock, valued at approximately $14,327,259.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Q2 Holdings, Inc. (NYSE QTWO) traded down 1.94% during trading on Friday, reaching $37.95. 77,371 shares of the company’s stock were exchanged. Q2 Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $40.50. The company’s market capitalization is $1.55 billion. The stock’s 50-day moving average price is $38.06 and its 200-day moving average price is $35.89.
Q2 Holdings (NYSE:QTWO) last issued its earnings results on Wednesday, May 3rd. The technology company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. The business had revenue of $44.50 million during the quarter, compared to analyst estimates of $44.37 million. Q2 Holdings had a negative return on equity of 23.21% and a negative net margin of 20.96%. Q2 Holdings’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the company posted ($271.00) earnings per share. Equities analysts expect that Q2 Holdings, Inc. will post ($0.12) earnings per share for the current year.
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QTWO has been the subject of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $43.00 price target on shares of Q2 Holdings in a research note on Monday, May 15th. BTIG Research upgraded shares of Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Monday, May 15th. Needham & Company LLC restated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of Q2 Holdings in a research note on Friday, May 5th. SunTrust Banks, Inc. initiated coverage on shares of Q2 Holdings in a research note on Monday, June 26th. They issued a “buy” rating and a $45.00 price target for the company. Finally, ValuEngine upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.50.
Several hedge funds and other institutional investors have recently modified their holdings of QTWO. American International Group Inc. raised its position in shares of Q2 Holdings by 7.1% in the first quarter. American International Group Inc. now owns 15,740 shares of the technology company’s stock worth $549,000 after buying an additional 1,038 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new position in shares of Q2 Holdings during the second quarter worth approximately $102,000. SG Americas Securities LLC purchased a new position in shares of Q2 Holdings during the first quarter worth approximately $109,000. Bank of New York Mellon Corp raised its position in shares of Q2 Holdings by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 107,841 shares of the technology company’s stock worth $3,757,000 after buying an additional 4,408 shares during the last quarter. Finally, First Mercantile Trust Co. raised its position in shares of Q2 Holdings by 249.8% in the first quarter. First Mercantile Trust Co. now owns 7,555 shares of the technology company’s stock worth $263,000 after buying an additional 5,395 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.
Q2 Holdings Company Profile
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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