Q2 Holdings, Inc. (NYSE:QTWO) posted its quarterly earnings data on Tuesday. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05, Bloomberg Earnings reports. Q2 Holdings had a negative return on equity of 22.74% and a negative net margin of 18.45%. The firm had revenue of $50.10 million for the quarter, compared to the consensus estimate of $50.05 million. During the same quarter last year, the company earned ($0.24) earnings per share. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year.

In other Q2 Holdings news, EVP John E. Breeden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the transaction, the executive vice president now owns 64,694 shares in the company, valued at $2,684,801. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Barry G. Benton sold 4,083 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $37.49, for a total value of $153,071.67. Following the transaction, the senior vice president now owns 24,820 shares in the company, valued at approximately $930,501.80. The disclosure for this sale can be found here. Insiders have sold 231,908 shares of company stock worth $9,390,327 in the last quarter. 24.50% of the stock is currently owned by company insiders.

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Several research analysts have recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Q2 Holdings in a research note on Monday. BidaskClub downgraded Q2 Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research raised Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, KeyCorp reissued a “hold” rating on shares of Q2 Holdings in a research note on Wednesday, September 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Q2 Holdings presently has a consensus rating of “Buy” and an average price target of $42.13.

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.

Earnings History for Q2 Holdings (NYSE:QTWO)

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