Insider Selling: Q2 Holdings, Inc. (NYSE:QTWO) Director Sells 25,000 Shares of Stock
Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 25,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $36.93, for a total value of $923,250.00. Following the completion of the sale, the director now owns 383,903 shares in the company, valued at approximately $14,177,537.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Q2 Holdings, Inc. (QTWO) traded up 2.33% during mid-day trading on Friday, hitting $37.30. The stock had a trading volume of 163,954 shares. Q2 Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $40.50. The firm has a 50 day moving average price of $38.56 and a 200 day moving average price of $35.09. The firm’s market cap is $1.53 billion.
Q2 Holdings (NYSE:QTWO) last released its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.03. Q2 Holdings had a negative return on equity of 23.21% and a negative net margin of 20.96%. The firm had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.37 million. During the same quarter last year, the company posted ($271.00) earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Equities analysts predict that Q2 Holdings, Inc. will post ($0.12) EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the company. Columbia Wanger Asset Management LLC raised its position in Q2 Holdings by 241.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,005,436 shares of the technology company’s stock worth $35,039,000 after buying an additional 710,954 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Q2 Holdings during the first quarter worth $21,406,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Q2 Holdings during the first quarter worth $8,395,000. Marshall Wace North America L.P. acquired a new stake in shares of Q2 Holdings during the first quarter worth $8,395,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Q2 Holdings by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 2,753,225 shares of the technology company’s stock worth $95,950,000 after buying an additional 220,164 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.
QTWO has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $44.00 target price (up previously from $42.00) on shares of Q2 Holdings in a research note on Friday, May 5th. BTIG Research upgraded Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Friday, May 5th. Canaccord Genuity restated a “buy” rating and issued a $43.00 target price on shares of Q2 Holdings in a research note on Monday, May 15th. ValuEngine upgraded Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, SunTrust Banks, Inc. initiated coverage on Q2 Holdings in a research note on Monday, June 26th. They issued a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.50.
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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