Q2 Holdings Inc. (NYSE:QTWO) Director R. H. Seale sold 25,000 shares of the stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $28.13, for a total value of $703,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Q2 Holdings Inc. (NYSE:QTWO) opened at 28.16 on Monday. The company’s market cap is $1.12 billion. The stock’s 50 day moving average price is $28.46 and its 200 day moving average price is $26.64. Q2 Holdings Inc. has a 1-year low of $16.43 and a 1-year high of $30.73.
Q2 Holdings (NYSE:QTWO) last released its earnings results on Wednesday, August 3rd. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.13. Q2 Holdings had a negative return on equity of 22.39% and a negative net margin of 27.14%. The company earned $36 million during the quarter, compared to the consensus estimate of $35.66 million. Q2 Holdings’s revenue for the quarter was up 36.9% compared to the same quarter last year. On average, equities analysts anticipate that Q2 Holdings Inc. will post ($0.35) earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its stake in Q2 Holdings by 8.0% in the second quarter. Macquarie Group Ltd. now owns 262,017 shares of the company’s stock valued at $7,342,000 after buying an additional 19,508 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Q2 Holdings by 13.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 81,703 shares of the company’s stock valued at $2,290,000 after buying an additional 9,578 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Q2 Holdings by 29.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 18,471 shares of the company’s stock valued at $518,000 after buying an additional 4,249 shares during the period. Diker Management LLC bought a new stake in Q2 Holdings during the second quarter valued at approximately $2,945,000. Finally, 1832 Asset Management L.P. bought a new stake in Q2 Holdings during the second quarter valued at approximately $739,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. BTIG Research reissued a “buy” rating and issued a $32.00 price target on shares of Q2 Holdings in a research report on Thursday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price on shares of Q2 Holdings in a research report on Monday, August 29th. Morgan Stanley initiated coverage on Q2 Holdings in a research report on Monday, July 25th. They set an “equal weight” rating and a $29.00 target price for the company. Zacks Investment Research lowered Q2 Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada raised their target price on Q2 Holdings from $27.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.50.
Q2 Holdings Company Profile
Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.
Receive News & Ratings for Q2 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.