Jennifer Noel Harris Sells 7,898 Shares of Q2 Holdings Inc (QTWO) Stock

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Q2 Holdings Inc (NYSE:QTWO) CFO Jennifer Noel Harris sold 7,898 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $68.82, for a total value of $543,540.36. Following the completion of the transaction, the chief financial officer now directly owns 109,045 shares of the company’s stock, valued at $7,504,476.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jennifer Noel Harris also recently made the following trade(s):

  • On Monday, March 4th, Jennifer Noel Harris sold 5,923 shares of Q2 stock. The shares were sold at an average price of $68.04, for a total value of $403,000.92.
  • On Monday, February 25th, Jennifer Noel Harris sold 20,000 shares of Q2 stock. The shares were sold at an average price of $68.00, for a total value of $1,360,000.00.
  • On Tuesday, February 19th, Jennifer Noel Harris sold 7,275 shares of Q2 stock. The shares were sold at an average price of $64.99, for a total value of $472,802.25.
  • On Thursday, February 21st, Jennifer Noel Harris sold 18,338 shares of Q2 stock. The shares were sold at an average price of $65.18, for a total value of $1,195,270.84.

QTWO traded up $0.25 on Friday, hitting $68.25. 539,900 shares of the company were exchanged, compared to its average volume of 382,827. Q2 Holdings Inc has a 12 month low of $43.41 and a 12 month high of $72.00. The firm has a market capitalization of $2.97 billion, a PE ratio of -184.46 and a beta of 1.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.10. Q2 had a negative return on equity of 12.18% and a negative net margin of 14.68%. The business had revenue of $67.20 million for the quarter, compared to analyst estimates of $66.77 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. Q2’s revenue was up 30.0% on a year-over-year basis. On average, research analysts forecast that Q2 Holdings Inc will post -0.65 earnings per share for the current year.

QTWO has been the topic of a number of research reports. Stephens upgraded Q2 from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $60.00 to $59.00 in a report on Thursday, January 3rd. DA Davidson lowered Q2 from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $48.00 to $52.00 in a report on Friday, February 15th. Royal Bank of Canada boosted their price target on Q2 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 15th. SunTrust Banks upgraded Q2 from a “hold” rating to a “buy” rating and boosted their price target for the company from $68.00 to $84.00 in a report on Friday, March 1st. Finally, Raymond James boosted their price target on Q2 from $62.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $67.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Q2 by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 2,601,464 shares of the technology company’s stock worth $157,519,000 after acquiring an additional 106,651 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Q2 by 5.7% during the third quarter. Bank of New York Mellon Corp now owns 181,415 shares of the technology company’s stock worth $10,986,000 after acquiring an additional 9,809 shares in the last quarter. Deutsche Bank AG raised its holdings in Q2 by 12.0% during the third quarter. Deutsche Bank AG now owns 273,855 shares of the technology company’s stock worth $16,580,000 after acquiring an additional 29,441 shares in the last quarter. Putnam Investments LLC raised its holdings in Q2 by 138.2% during the third quarter. Putnam Investments LLC now owns 78,778 shares of the technology company’s stock worth $4,770,000 after acquiring an additional 45,709 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Q2 by 36.7% during the fourth quarter. Victory Capital Management Inc. now owns 738,399 shares of the technology company’s stock worth $36,587,000 after acquiring an additional 198,345 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

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About Q2

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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Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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