Wall Street analysts expect Q2 Holdings, Inc. (NYSE:QTWO) to report sales of $50.10 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Q2 Holdings’ earnings. The highest sales estimate is $50.27 million and the lowest is $49.99 million. Q2 Holdings reported sales of $38.31 million in the same quarter last year, which indicates a positive year over year growth rate of 30.8%. The company is expected to issue its next earnings results on Wednesday, November 1st.

On average, analysts expect that Q2 Holdings will report full year sales of $50.10 million for the current year, with estimates ranging from $194.41 million to $195.00 million. For the next fiscal year, analysts expect that the firm will post sales of $244.55 million per share, with estimates ranging from $242.60 million to $246.55 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Q2 Holdings.

A number of research firms recently commented on QTWO. Zacks Investment Research raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub downgraded shares of Q2 Holdings from a “buy” rating to a “hold” rating in a report on Monday. KeyCorp reissued a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Canaccord Genuity reissued a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. began coverage on shares of Q2 Holdings in a report on Monday, June 26th. They set a “buy” rating and a $45.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.13.

In other news, Director R. H. Seale sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $41.03, for a total value of $328,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Barry G. Benton sold 4,083 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.49, for a total transaction of $153,071.67. Following the completion of the transaction, the senior vice president now directly owns 24,820 shares of the company’s stock, valued at approximately $930,501.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,908 shares of company stock valued at $10,165,317. 24.50% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of QTWO. OppenheimerFunds Inc. acquired a new position in shares of Q2 Holdings in the first quarter valued at approximately $21,406,000. Franklin Resources Inc. raised its position in shares of Q2 Holdings by 55.6% in the second quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after buying an additional 536,772 shares during the last quarter. Penn Capital Management Co. Inc. raised its position in shares of Q2 Holdings by 3,059.9% in the second quarter. Penn Capital Management Co. Inc. now owns 303,822 shares of the technology company’s stock valued at $11,243,000 after buying an additional 294,207 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Q2 Holdings in the first quarter valued at approximately $8,395,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Q2 Holdings in the first quarter valued at approximately $8,395,000. 92.74% of the stock is owned by institutional investors and hedge funds.

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Q2 Holdings (NYSE:QTWO) opened at 41.95 on Thursday. The company’s 50 day moving average is $40.74 and its 200 day moving average is $38.60. The firm’s market cap is $1.73 billion. Q2 Holdings has a 52-week low of $25.23 and a 52-week high of $42.90.

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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