Q2 Holdings Inc (NYSE:QTWO) EVP Odus Edward Wittenburg, Jr. sold 7,968 shares of Q2 stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $68.82, for a total transaction of $548,357.76. Following the completion of the transaction, the executive vice president now owns 101,173 shares in the company, valued at approximately $6,962,725.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
QTWO stock opened at $68.25 on Friday. Q2 Holdings Inc has a 12-month low of $43.41 and a 12-month high of $72.00. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of -184.46 and a beta of 1.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96.
Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. Q2 had a negative net margin of 14.68% and a negative return on equity of 12.18%. The firm had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $66.77 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. As a group, equities analysts predict that Q2 Holdings Inc will post -0.65 EPS for the current year.
QTWO has been the topic of a number of analyst reports. Raymond James lifted their target price on shares of Q2 from $62.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, February 14th. Loop Capital set a $67.00 price objective on shares of Q2 and gave the company a “buy” rating in a research report on Monday, December 31st. SunTrust Banks upgraded shares of Q2 from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $84.00 in a research report on Friday, March 1st. Needham & Company LLC restated a “buy” rating and issued a $80.00 price objective (up previously from $70.00) on shares of Q2 in a research report on Friday, March 1st. Finally, BTIG Research upgraded shares of Q2 from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $67.33.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Q2 by 32.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,239,978 shares of the technology company’s stock valued at $196,181,000 after purchasing an additional 798,614 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Q2 by 32.7% during the 3rd quarter. Vanguard Group Inc now owns 3,239,978 shares of the technology company’s stock valued at $196,181,000 after purchasing an additional 798,614 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Q2 by 5.9% during the 4th quarter. BlackRock Inc. now owns 2,683,111 shares of the technology company’s stock valued at $132,948,000 after purchasing an additional 150,440 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Q2 by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,601,464 shares of the technology company’s stock valued at $157,519,000 after purchasing an additional 106,651 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Q2 by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,287,343 shares of the technology company’s stock valued at $77,949,000 after purchasing an additional 51,252 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.
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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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