Q2 Holdings Inc (NYSE:QTWO) Director Sells $28,405.00 in Stock

Q2 Holdings Inc (NYSE:QTWO) Director R. H. Seale sold 299 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $95.00, for a total value of $28,405.00. Following the completion of the transaction, the director now directly owns 8,855 shares in the company, valued at approximately $841,225. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE QTWO opened at $92.37 on Monday. Q2 Holdings Inc has a 52 week low of $47.17 and a 52 week high of $96.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s 50 day moving average price is $85.83 and its two-hundred day moving average price is $78.78. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of -51.32 and a beta of 1.58.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. Q2 had a negative net margin of 25.45% and a negative return on equity of 7.20%. The company had revenue of $92.40 million for the quarter, compared to the consensus estimate of $92.60 million. During the same period last year, the company earned ($0.05) earnings per share. The firm’s revenue was up 29.6% compared to the same quarter last year. On average, equities research analysts forecast that Q2 Holdings Inc will post -1.12 EPS for the current year.

A number of large investors have recently modified their holdings of QTWO. Norges Bank acquired a new position in shares of Q2 during the 4th quarter worth about $51,492,000. Brown Capital Management LLC raised its holdings in Q2 by 10.4% during the first quarter. Brown Capital Management LLC now owns 4,597,333 shares of the technology company’s stock worth $271,518,000 after acquiring an additional 432,244 shares in the last quarter. Champlain Investment Partners LLC boosted its position in Q2 by 10.3% during the first quarter. Champlain Investment Partners LLC now owns 1,879,060 shares of the technology company’s stock valued at $110,977,000 after purchasing an additional 175,085 shares during the last quarter. Jennison Associates LLC grew its stake in Q2 by 56.5% in the first quarter. Jennison Associates LLC now owns 479,418 shares of the technology company’s stock valued at $28,314,000 after purchasing an additional 173,019 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Q2 by 16.1% during the 1st quarter. Federated Hermes Inc. now owns 1,118,400 shares of the technology company’s stock worth $66,053,000 after purchasing an additional 154,847 shares during the last quarter.

QTWO has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on Q2 from $73.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. TheStreet upgraded shares of Q2 from a “d+” rating to a “c” rating in a report on Tuesday, June 9th. BTIG Research reissued a “buy” rating and set a $99.00 price target on shares of Q2 in a research report on Thursday, May 7th. ValuEngine cut shares of Q2 from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Piper Sandler raised their price objective on Q2 from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $91.93.

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 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.

Further Reading: What is Cost of Goods Sold (COGS)?

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

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