Wall Street analysts predict that Q2 Holdings, Inc. (NYSE:QTWO) will report ($0.17) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Q2 Holdings’ earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.16). Q2 Holdings posted earnings of ($0.18) per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Q2 Holdings will report full year earnings of ($0.56) per share for the current fiscal year, with EPS estimates ranging from ($0.59) to ($0.50). For the next financial year, analysts forecast that the company will report earnings of ($0.34) per share, with EPS estimates ranging from ($0.57) to ($0.16). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Q2 Holdings.

Q2 Holdings (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, May 3rd. The technology company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. The company had revenue of $44.50 million during the quarter, compared to analyst estimates of $44.37 million. Q2 Holdings had a negative net margin of 20.96% and a negative return on equity of 23.21%. Q2 Holdings’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($271.00) earnings per share.

QTWO has been the subject of a number of research analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $43.00 price target on shares of Q2 Holdings in a report on Monday, May 15th. BTIG Research upgraded Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday, May 15th. Needham & Company LLC reiterated a “buy” rating and set a $44.00 price target (up from $42.00) on shares of Q2 Holdings in a report on Friday, May 5th. SunTrust Banks, Inc. initiated coverage on Q2 Holdings in a report on Monday, June 26th. They set a “buy” rating and a $45.00 price target for the company. Finally, ValuEngine upgraded Q2 Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Q2 Holdings has an average rating of “Buy” and a consensus price target of $40.50.

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $35.89, for a total transaction of $35,890.00. Following the transaction, the director now owns 6,043 shares of the company’s stock, valued at approximately $216,883.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William M. Furrer sold 13,771 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $39.92, for a total value of $549,738.32. Following the transaction, the insider now directly owns 53,280 shares in the company, valued at approximately $2,126,937.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 222,646 shares of company stock worth $8,683,780. 24.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of QTWO. Bank of New York Mellon Corp raised its position in Q2 Holdings by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 107,841 shares of the technology company’s stock valued at $3,757,000 after buying an additional 4,408 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Q2 Holdings during the first quarter valued at about $2,255,000. First Mercantile Trust Co. raised its stake in Q2 Holdings by 249.8% in the first quarter. First Mercantile Trust Co. now owns 7,555 shares of the technology company’s stock worth $263,000 after buying an additional 5,395 shares in the last quarter. Hamilton Lane Advisors LLC bought a new stake in Q2 Holdings during the first quarter worth about $443,000. Finally, Nationwide Fund Advisors raised its stake in Q2 Holdings by 12.1% in the first quarter. Nationwide Fund Advisors now owns 240,172 shares of the technology company’s stock worth $8,370,000 after buying an additional 25,932 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

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Q2 Holdings (NYSE QTWO) opened at 36.70 on Tuesday. The stock’s market capitalization is $1.50 billion. Q2 Holdings has a 1-year low of $25.23 and a 1-year high of $40.50. The firm’s 50-day moving average is $38.56 and its 200 day moving average is $35.09.

Q2 Holdings Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

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