Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 30,000 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $36.53, for a total transaction of $1,095,900.00. Following the sale, the director now directly owns 383,903 shares in the company, valued at $14,023,976.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Q2 Holdings, Inc. (NYSE QTWO) traded up 0.27% during midday trading on Monday, reaching $37.40. 167,608 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $38.56 and its 200-day moving average price is $35.09. The company’s market capitalization is $1.53 billion. Q2 Holdings, Inc. has a 1-year low of $25.23 and a 1-year high of $40.50.
Q2 Holdings (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. Q2 Holdings had a negative net margin of 20.96% and a negative return on equity of 23.21%. The firm had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.37 million. During the same period last year, the business earned ($271.00) EPS. Q2 Holdings’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts expect that Q2 Holdings, Inc. will post ($0.12) EPS for the current year.
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Large investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. bought a new stake in shares of Q2 Holdings during the first quarter valued at approximately $431,000. Bank of New York Mellon Corp raised its stake 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 valued at $3,757,000 after buying an additional 4,408 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Q2 Holdings during the first quarter valued at approximately $2,255,000. First Mercantile Trust Co. raised its stake 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 valued at $263,000 after buying an additional 5,395 shares in the last quarter. Finally, Hamilton Lane Advisors LLC bought a new stake in shares of Q2 Holdings during the first quarter valued at approximately $443,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.
A number of equities research analysts have recently weighed in on QTWO shares. Needham & Company LLC reissued a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of Q2 Holdings in a report on Friday, May 5th. BTIG Research raised shares of Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Friday, May 5th. Canaccord Genuity reissued a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a report on Monday, May 15th. ValuEngine raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, SunTrust Banks, Inc. started coverage on shares of Q2 Holdings in a report on Monday, June 26th. They set a “buy” rating and a $45.00 price objective on the stock. One 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 has an average rating of “Buy” and a consensus price target of $40.50.
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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