Q2 Holdings Inc (NYSE:QTWO) EVP John E. Breeden sold 7,500 shares of the company’s stock in a transaction on Friday, October 12th. The shares were sold at an average price of $50.33, for a total transaction of $377,475.00. Following the sale, the executive vice president now directly owns 70,247 shares in the company, valued at approximately $3,535,531.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Q2 stock traded down $0.28 on Friday, reaching $52.64. 503,253 shares of the company traded hands, compared to its average volume of 387,838. Q2 Holdings Inc has a 52 week low of $36.25 and a 52 week high of $67.10. The company has a debt-to-equity ratio of 1.12, a current ratio of 6.00 and a quick ratio of 6.00.
Q2 (NYSE:QTWO) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. The company had revenue of $60.50 million during the quarter, compared to the consensus estimate of $60.18 million. Q2 had a negative net margin of 12.88% and a negative return on equity of 13.06%. Q2’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $0.03 EPS. On average, research analysts predict that Q2 Holdings Inc will post -0.53 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. BlackRock Inc. boosted its holdings in Q2 by 18.6% in the 2nd quarter. BlackRock Inc. now owns 2,462,356 shares of the technology company’s stock worth $140,477,000 after buying an additional 385,863 shares during the period. Janus Henderson Group PLC purchased a new stake in Q2 in the 2nd quarter worth approximately $17,720,000. Artisan Partners Limited Partnership lifted its stake in Q2 by 18.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,971,546 shares of the technology company’s stock worth $112,477,000 after purchasing an additional 308,155 shares in the last quarter. Columbus Circle Investors lifted its stake in Q2 by 203.5% in the 2nd quarter. Columbus Circle Investors now owns 362,067 shares of the technology company’s stock worth $20,656,000 after purchasing an additional 242,765 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Q2 by 92.9% in the 2nd quarter. Renaissance Technologies LLC now owns 424,809 shares of the technology company’s stock worth $24,235,000 after purchasing an additional 204,609 shares in the last quarter. 93.17% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on QTWO. Royal Bank of Canada reiterated a “buy” rating and set a $65.00 price objective on shares of Q2 in a report on Thursday, August 9th. Craig Hallum set a $70.00 target price on shares of Q2 and gave the stock a “buy” rating in a report on Thursday, August 9th. Needham & Company LLC upped their target price on shares of Q2 from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Stifel Nicolaus restated a “buy” rating and issued a $68.00 target price on shares of Q2 in a report on Thursday, August 9th. Finally, DA Davidson upped their target price on shares of Q2 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $62.79.
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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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