Q2 Holdings Inc (NYSE:QTWO) insider Matthew P. Flake sold 120,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $69.50, for a total value of $8,340,000.00. Following the sale, the insider now owns 298,999 shares of the company’s stock, valued at approximately $20,780,430.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NYSE QTWO traded up $2.68 on Wednesday, reaching $73.99. The company had a trading volume of 671,062 shares, compared to its average volume of 400,086. The stock has a market cap of $3.20 billion, a PE ratio of -199.97 and a beta of 1.47. Q2 Holdings Inc has a 1 year low of $43.41 and a 1 year high of $76.08. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.40.
Q2 (NYSE:QTWO) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.21). The company had revenue of $71.30 million during the quarter, compared to analysts’ expectations of $70.67 million. Q2 had a negative return on equity of 16.48% and a negative net margin of 18.89%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) EPS. Sell-side analysts anticipate that Q2 Holdings Inc will post -0.64 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Q2 by 9.4% during the 1st quarter. BlackRock Inc. now owns 2,936,416 shares of the technology company’s stock valued at $203,375,000 after buying an additional 253,305 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Q2 by 0.8% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,721,082 shares of the technology company’s stock valued at $119,202,000 after acquiring an additional 13,407 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Q2 by 9.7% during the 1st quarter. Macquarie Group Ltd. now owns 1,364,136 shares of the technology company’s stock valued at $94,480,000 after acquiring an additional 120,742 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of Q2 by 1.4% during the 1st quarter. Champlain Investment Partners LLC now owns 1,270,670 shares of the technology company’s stock valued at $88,007,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its position in shares of Q2 by 39.2% during the 1st quarter. Wasatch Advisors Inc. now owns 1,043,133 shares of the technology company’s stock valued at $72,247,000 after acquiring an additional 293,892 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.
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.
Further Reading: Green Investing
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