Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 15,000 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $37.32, for a total transaction of $559,800.00. Following the completion of the transaction, the director now directly owns 383,903 shares in the company, valued at $14,327,259.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Q2 Holdings, Inc. (NYSE:QTWO) opened at 38.75 on Monday. The stock has a 50 day moving average of $38.56 and a 200 day moving average of $35.09. The firm’s market cap is $1.59 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 released its earnings results on Wednesday, May 3rd. The technology company reported ($0.13) earnings per share for the quarter, beating the 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 during the quarter, compared to analyst estimates of $44.37 million. During the same quarter in the previous year, the firm earned ($271.00) earnings per share. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts anticipate that Q2 Holdings, Inc. will post ($0.12) earnings per share for the current fiscal year.
QTWO has been the topic of several research reports. 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 research 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 research 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 research report on Monday, May 15th. ValuEngine raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, SunTrust Banks, Inc. initiated coverage on shares of Q2 Holdings in a research report on Monday, June 26th. They set a “buy” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $40.50.
Hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in Q2 Holdings by 7.1% in the first quarter. American International Group Inc. now owns 15,740 shares of the technology company’s stock valued at $549,000 after buying an additional 1,038 shares during the last quarter. SG Americas Securities LLC purchased a new position in Q2 Holdings during the first quarter valued at approximately $109,000. Bank of New York Mellon Corp raised its position in 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. First Mercantile Trust Co. raised its position in 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, Teachers Advisors LLC raised its position in Q2 Holdings by 13.3% in the fourth quarter. Teachers Advisors LLC now owns 46,352 shares of the technology company’s stock valued at $1,337,000 after buying an additional 5,426 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.
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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