Q2 Holdings Inc (NYSE:QTWO) Director R. H. Seale sold 63,000 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $77.72, for a total value of $4,896,360.00. Following the completion of the sale, the director now directly owns 384,817 shares of the company’s stock, valued at $29,907,977.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of QTWO opened at $79.87 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $3.55 billion, a P/E ratio of -215.86 and a beta of 1.41. The firm’s 50 day simple moving average is $74.75. Q2 Holdings Inc has a 12 month low of $43.41 and a 12 month high of $80.58.
Q2 (NYSE:QTWO) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.21). The business had revenue of $71.30 million for the quarter, compared to analysts’ expectations of $70.67 million. Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The business’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) earnings per share. Sell-side analysts anticipate that Q2 Holdings Inc will post -0.65 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC increased its position in shares of Q2 by 67.4% during the second quarter. Valeo Financial Advisors LLC now owns 385 shares of the technology company’s stock valued at $29,000 after acquiring an additional 155 shares during the last quarter. Tortoise Index Solutions LLC purchased a new stake in shares of Q2 during the first quarter valued at approximately $39,000. Pearl River Capital LLC purchased a new stake in shares of Q2 during the first quarter valued at approximately $76,000. Marshall Wace North America L.P. increased its position in shares of Q2 by 82.2% during the first quarter. Marshall Wace North America L.P. now owns 1,800 shares of the technology company’s stock valued at $125,000 after acquiring an additional 812 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Q2 during the first quarter valued at approximately $145,000. 98.71% of the stock is owned by institutional investors.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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