Q2 Holdings Inc. (NYSE:QTWO) Director R. H. Seale sold 43,000 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $28.74, for a total transaction of $1,235,820.00. Following the sale, the director now directly owns 379,798 shares of the company’s stock, valued at $10,915,394.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Q2 Holdings Inc. (NYSE:QTWO) traded down 0.95% during trading on Friday, reaching $28.19. 4,594 shares of the company’s stock were exchanged. The firm’s market capitalization is $1.12 billion. Q2 Holdings Inc. has a 52-week low of $16.43 and a 52-week high of $30.73. The company has a 50 day moving average of $28.40 and a 200 day moving average of $26.42.
Q2 Holdings (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.13. The firm had revenue of $36 million for the quarter, compared to the consensus estimate of $35.66 million. Q2 Holdings had a negative return on equity of 22.39% and a negative net margin of 27.14%. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. Equities analysts anticipate that Q2 Holdings Inc. will post ($0.35) earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of QTWO. TimesSquare Capital Management LLC increased its stake in shares of Q2 Holdings by 2.8% in the first quarter. TimesSquare Capital Management LLC now owns 2,249,638 shares of the company’s stock worth $54,081,000 after buying an additional 62,038 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Q2 Holdings by 5.3% in the second quarter. JPMorgan Chase & Co. now owns 1,867,286 shares of the company’s stock worth $52,322,000 after buying an additional 94,078 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Q2 Holdings by 13.3% in the second quarter. Artisan Partners Limited Partnership now owns 1,756,070 shares of the company’s stock worth $49,205,000 after buying an additional 206,641 shares during the period. Vanguard Group Inc. increased its stake in shares of Q2 Holdings by 14.9% in the second quarter. Vanguard Group Inc. now owns 991,929 shares of the company’s stock worth $27,794,000 after buying an additional 128,514 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in shares of Q2 Holdings by 38.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 805,248 shares of the company’s stock worth $22,563,000 after buying an additional 224,779 shares during the period. 89.16% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on QTWO shares. BTIG Research restated a “buy” rating and set a $32.00 target price on shares of Q2 Holdings in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada lifted their target price on shares of Q2 Holdings from $27.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Needham & Company LLC restated a “buy” rating and set a $34.00 target price on shares of Q2 Holdings in a report on Monday, August 29th. Finally, Morgan Stanley started coverage on shares of Q2 Holdings in a report on Monday, July 25th. They set an “equal weight” rating and a $29.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Q2 Holdings has an average rating of “Buy” and an average price target of $30.50.
About Q2 Holdings
Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.
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