Equities analysts forecast that Q2 Holdings, Inc. (NYSE:QTWO) will post sales of $49.98 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Q2 Holdings’ earnings, with estimates ranging from $49.69 million to $50.10 million. Q2 Holdings reported sales of $38.31 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.5%. The company is scheduled to announce its next earnings report on Wednesday, November 1st.

On average, analysts expect that Q2 Holdings will report full-year sales of $49.98 million for the current financial year, with estimates ranging from $193.36 million to $195.00 million. For the next fiscal year, analysts forecast that the business will report sales of $244.53 million per share, with estimates ranging from $243.37 million to $246.55 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Q2 Holdings.

QTWO has been the topic of a number of recent analyst reports. 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 research note on Monday, May 15th. Zacks Investment Research cut shares of Q2 Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and set a $43.00 target price on shares of Q2 Holdings in a research note on Tuesday, August 1st. SunTrust Banks, Inc. initiated coverage on shares of Q2 Holdings in a research note on Monday, June 26th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $44.00 target price (up previously from $42.00) on shares of Q2 Holdings in a research note on Friday, May 5th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $42.13.

In related news, insider William M. Furrer sold 13,771 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $39.92, for a total value of $549,738.32. Following the completion of the transaction, the insider now directly owns 53,280 shares of the company’s stock, valued at $2,126,937.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director R. H. Seale sold 85,000 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $36.85, for a total transaction of $3,132,250.00. Following the completion of the transaction, the director now directly owns 383,903 shares of the company’s stock, valued at $14,146,825.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 381,777 shares of company stock valued at $14,518,509. 24.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dubuque Bank & Trust Co. acquired a new position in Q2 Holdings during the second quarter worth $102,000. Ameritas Investment Partners Inc. raised its position in Q2 Holdings by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after buying an additional 759 shares during the last quarter. SG Americas Securities LLC purchased a new position in Q2 Holdings during the first quarter valued at approximately $109,000. Oppenheimer Asset Management Inc. raised its position in Q2 Holdings by 16,455.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after buying an additional 2,962 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new position in Q2 Holdings during the second quarter valued at approximately $111,000. 91.08% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/08/17/49-98-million-in-sales-expected-for-q2-holdings-inc-qtwo-this-quarter.html.

Shares of Q2 Holdings (QTWO) opened at 37.70 on Thursday. The company’s market cap is $1.56 billion. Q2 Holdings has a 52-week low of $25.23 and a 52-week high of $40.50. The stock has a 50 day moving average of $37.95 and a 200 day moving average of $36.87.

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.

Get a free copy of the Zacks research report on Q2 Holdings (QTWO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Q2 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.