Kimberly Anne Rutledge Sells 10,000 Shares of Q2 (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $63.07, for a total value of $630,700.00. Following the sale, the insider directly owned 113,913 shares of the company’s stock, valued at approximately $7,184,492.91. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Q2 Price Performance

Shares of NYSE:QTWO opened at $66.14 on Friday. The firm has a market capitalization of $4.12 billion, a PE ratio of 47.24 and a beta of 1.30. The business has a 50-day moving average of $52.58 and a two-hundred day moving average of $51.17. Q2 Holdings, Inc. has a 12 month low of $40.79 and a 12 month high of $85.19.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Q2 had a return on equity of 17.04% and a net margin of 10.87%.The business had revenue of $219.77 million for the quarter, compared to analyst estimates of $216.86 million. During the same period in the previous year, the company posted $0.18 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. As a group, research analysts anticipate that Q2 Holdings, Inc. will post 1.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on QTWO shares. DA Davidson reiterated a “buy” rating and set a $82.00 price objective on shares of Q2 in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reduced their target price on shares of Q2 from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, June 22nd. Weiss Ratings raised shares of Q2 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, UBS Group set a $68.00 price target on Q2 in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.00.

Institutional Trading of Q2

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Q2 by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after purchasing an additional 82,827 shares during the period. Capital Research Global Investors increased its stake in Q2 by 86.2% during the 4th quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock worth $226,658,000 after buying an additional 1,454,076 shares during the period. William Blair Investment Management LLC lifted its holdings in Q2 by 25.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock worth $194,451,000 after buying an additional 553,713 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Q2 by 2.9% in the 3rd quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock worth $156,221,000 after buying an additional 60,016 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Q2 by 119.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock valued at $57,253,000 after buying an additional 657,707 shares during the last quarter.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.