Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 10,560 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.72, for a total value of $408,883.20. Following the completion of the sale, the director now directly owns 383,828 shares in the company, valued at approximately $14,861,820.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Q2 Holdings, Inc. (NYSE QTWO) traded down $0.75 on Thursday, hitting $37.30. The stock had a trading volume of 170,252 shares, compared to its average volume of 220,117. Q2 Holdings, Inc. has a 12 month low of $28.30 and a 12 month high of $44.35.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The company had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. Q2’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) earnings per share. research analysts forecast that Q2 Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.

A number of research firms have recently commented on QTWO. J P Morgan Chase & Co downgraded Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research note on Tuesday. Morgan Stanley boosted their price objective on Q2 from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Q2 in a research note on Wednesday, September 13th. BidaskClub raised Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $43.00 price objective on shares of Q2 in a research note on Monday, October 30th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.36.

Several institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System acquired a new stake in shares of Q2 during the third quarter worth $367,000. Artisan Partners Limited Partnership raised its position in shares of Q2 by 4.9% during the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock worth $68,657,000 after purchasing an additional 77,433 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Q2 by 18.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 144,668 shares of the technology company’s stock worth $6,026,000 after purchasing an additional 22,214 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Q2 during the third quarter worth $1,125,000. Finally, Axiom International Investors LLC DE raised its position in shares of Q2 by 12.9% during the third quarter. Axiom International Investors LLC DE now owns 182,129 shares of the technology company’s stock worth $7,586,000 after purchasing an additional 20,875 shares during the period. 91.41% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/14/insider-selling-q2-holdings-inc-qtwo-director-sells-10560-shares-of-stock.html.

Q2 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.

Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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