Wall Street analysts expect Q2 Holdings, Inc. (NYSE:QTWO) to post ($0.17) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Q2 Holdings’ earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.20). Q2 Holdings reported earnings of ($0.18) per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, August 2nd.

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

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

Several equities research analysts recently commented on the stock. SunTrust Banks, Inc. assumed coverage on shares of Q2 Holdings in a research report on Monday, June 26th. They issued a “buy” rating and a $45.00 price objective on the stock. ValuEngine upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $43.00 price objective on shares of Q2 Holdings in a research report on Monday, May 15th. BTIG Research upgraded shares of Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Monday, May 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of Q2 Holdings in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.14.

Shares of Q2 Holdings (QTWO) opened at 38.80 on Friday. Q2 Holdings has a 52 week low of $25.23 and a 52 week high of $40.50. The firm’s market cap is $1.59 billion. The company has a 50-day moving average price of $37.98 and a 200 day moving average price of $36.18.

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In other news, CFO Jennifer Noel Harris sold 20,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $38.27, for a total transaction of $765,400.00. Following the completion of the transaction, the chief financial officer now directly owns 84,575 shares in the company, valued at approximately $3,236,685.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $38.29, for a total value of $38,290.00. Following the transaction, the director now owns 4,043 shares of the company’s stock, valued at $154,806.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 410,146 shares of company stock valued at $15,608,730. Corporate insiders own 24.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in QTWO. State Street Corp boosted its position in Q2 Holdings by 7.4% in the fourth quarter. State Street Corp now owns 450,219 shares of the technology company’s stock valued at $12,987,000 after buying an additional 30,998 shares during the period. Teachers Advisors LLC boosted its position in shares of Q2 Holdings by 13.3% in the fourth quarter. Teachers Advisors LLC now owns 46,352 shares of the technology company’s stock valued at $1,337,000 after buying an additional 5,426 shares during the period. Highbridge Capital Management LLC purchased a new position in shares of Q2 Holdings during the fourth quarter valued at about $235,000. Macquarie Group Ltd. boosted its position in shares of Q2 Holdings by 37.5% in the fourth quarter. Macquarie Group Ltd. now owns 377,492 shares of the technology company’s stock valued at $10,891,000 after buying an additional 102,941 shares during the period. Finally, Columbus Circle Investors purchased a new position in shares of Q2 Holdings during the first quarter valued at about $5,613,000. Institutional investors own 93.74% of the company’s stock.

About Q2 Holdings

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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