Q2 Holdings Inc (NYSE:QTWO) SVP Barry G. Benton sold 6,055 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $43.71, for a total value of $264,664.05. Following the sale, the senior vice president now owns 19,581 shares of the company’s stock, valued at $855,885.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Q2 Holdings Inc (NYSE:QTWO) traded up $0.75 during trading hours on Friday, hitting $46.05. 541,666 shares of the stock traded hands, compared to its average volume of 328,848. The firm has a market capitalization of $1,891.27, a P/E ratio of -72.18 and a beta of 1.59. Q2 Holdings Inc has a 52 week low of $31.95 and a 52 week high of $46.40.
Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $51.70 million during the quarter, compared to the consensus estimate of $51.70 million. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.34%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share. research analysts predict that Q2 Holdings Inc will post -0.43 earnings per share for the current year.
Several equities research analysts have weighed in on QTWO shares. Stifel Nicolaus restated a “buy” rating and set a $50.00 target price on shares of Q2 in a research note on Friday, February 16th. SunTrust Banks restated a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Q2 in a report on Friday, November 3rd. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, BTIG Research reiterated a “buy” rating and set a $47.00 price target on shares of Q2 in a report on Sunday, November 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of QTWO. TIAA CREF Investment Management LLC increased its holdings in Q2 by 21.8% in the second quarter. TIAA CREF Investment Management LLC now owns 84,200 shares of the technology company’s stock valued at $3,111,000 after purchasing an additional 15,081 shares during the period. Northern Trust Corp increased its holdings in Q2 by 17.8% in the second quarter. Northern Trust Corp now owns 374,643 shares of the technology company’s stock valued at $13,844,000 after purchasing an additional 56,490 shares during the period. Vanguard Group Inc. increased its holdings in Q2 by 10.4% in the second quarter. Vanguard Group Inc. now owns 1,360,214 shares of the technology company’s stock valued at $50,261,000 after purchasing an additional 128,054 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Q2 by 29.2% in the second quarter. Parametric Portfolio Associates LLC now owns 136,076 shares of the technology company’s stock valued at $5,028,000 after purchasing an additional 30,729 shares during the period. Finally, Voya Investment Management LLC increased its holdings in Q2 by 36.1% in the second quarter. Voya Investment Management LLC now owns 14,035 shares of the technology company’s stock valued at $519,000 after purchasing an additional 3,719 shares during the period. Institutional investors and hedge funds own 89.88% of the company’s stock.
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Q2 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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