Q2 Holdings Inc (NYSE:QTWO) – Stock analysts at William Blair cut their Q2 2019 earnings per share (EPS) estimates for shares of Q2 in a research report issued to clients and investors on Tuesday, June 11th. William Blair analyst R. Napoli now forecasts that the technology company will post earnings of ($0.23) per share for the quarter, down from their previous forecast of ($0.21). William Blair has a “Outperform” rating and a $69.71 price target on the stock. William Blair also issued estimates for Q2’s Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.07) EPS, FY2019 earnings at ($0.62) EPS, FY2020 earnings at ($0.49) EPS and FY2021 earnings at ($0.14) EPS.
A number of other analysts have also weighed in on QTWO. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price (up from $70.00) on shares of Q2 in a research note on Friday, March 1st. SunTrust Banks upgraded Q2 from a “hold” rating to a “buy” rating and raised their price target for the company from $68.00 to $84.00 in a report on Friday, March 1st. Craig Hallum reiterated a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Q2 in a report on Thursday, May 9th. Stephens cut Q2 from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $76.00 to $73.00 in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Q2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Q2 has an average rating of “Buy” and an average price target of $71.04.
Q2 stock opened at $73.44 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08. Q2 has a 52-week low of $43.41 and a 52-week high of $76.08. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of -198.49 and a beta of 1.48.
Q2 (NYSE:QTWO) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.21). The firm had revenue of $71.30 million during the quarter, compared to analyst estimates of $70.67 million. Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) earnings per share.
Several large investors have recently bought and sold shares of QTWO. Oppenheimer Asset Management Inc. lifted its holdings in shares of Q2 by 33.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,565 shares of the technology company’s stock valued at $277,000 after purchasing an additional 1,398 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Q2 by 48.9% during the 4th quarter. Rhumbline Advisers now owns 49,136 shares of the technology company’s stock valued at $2,435,000 after purchasing an additional 16,146 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Q2 by 36.7% during the 4th quarter. Victory Capital Management Inc. now owns 738,399 shares of the technology company’s stock valued at $36,587,000 after purchasing an additional 198,345 shares in the last quarter. Columbus Circle Investors lifted its holdings in shares of Q2 by 23.0% during the 4th quarter. Columbus Circle Investors now owns 371,081 shares of the technology company’s stock valued at $18,387,000 after purchasing an additional 69,467 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Q2 by 15.7% during the 4th quarter. Jennison Associates LLC now owns 460,532 shares of the technology company’s stock valued at $22,819,000 after purchasing an additional 62,587 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.
In other Q2 news, EVP John E. Breeden sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $68.57, for a total transaction of $342,850.00. Following the transaction, the executive vice president now owns 75,838 shares of the company’s stock, valued at approximately $5,200,211.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rekha Garapati sold 2,225 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $70.20, for a total value of $156,195.00. Following the transaction, the executive vice president now directly owns 53,285 shares in the company, valued at approximately $3,740,607. The disclosure for this sale can be found here. In the last three months, insiders sold 493,108 shares of company stock worth $34,520,986. 17.90% of the stock is owned by insiders.
Q2 Company Profile
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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