Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale Sells 9,000 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 9,000 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the sale, the director now directly owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Q2 Trading Up 0.3 %

QTWO stock opened at $49.98 on Friday. Q2 Holdings, Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $53.96. The business’s 50 day moving average price is $48.69 and its two-hundred day moving average price is $41.62. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.09.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. The firm had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. Sell-side analysts forecast that Q2 Holdings, Inc. will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QTWO. Piper Sandler upped their price objective on shares of Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Canaccord Genuity Group upped their price objective on shares of Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Robert W. Baird upped their price objective on shares of Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Needham & Company LLC upped their price objective on shares of Q2 from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus upped their price objective on shares of Q2 from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.33.

Institutional Trading of Q2

Several hedge funds and other institutional investors have recently made changes to their positions in QTWO. MCF Advisors LLC grew its stake in shares of Q2 by 156.5% in the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after buying an additional 374 shares during the last quarter. International Assets Investment Management LLC lifted its position in Q2 by 2,582.4% in the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after acquiring an additional 878 shares in the last quarter. Captrust Financial Advisors lifted its position in Q2 by 370.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,243 shares of the technology company’s stock valued at $48,000 after acquiring an additional 979 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in Q2 by 193.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after acquiring an additional 738 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Q2 in the 1st quarter valued at approximately $49,000.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.