Q2 Holdings, Inc. (NYSE:QTWO) EVP John E. Breeden sold 10,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $43.14, for a total transaction of $431,400.00. Following the sale, the executive vice president now directly owns 64,694 shares of the company’s stock, valued at approximately $2,790,899.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Q2 Holdings, Inc. (QTWO) opened at $42.45 on Friday. Q2 Holdings, Inc. has a twelve month low of $27.80 and a twelve month high of $44.35.
Q2 Holdings (NYSE:QTWO) last issued 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. Q2 Holdings had a negative return on equity of 20.50% and a negative net margin of 15.27%. The company had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $50.05 million. During the same period last year, the business earned ($0.24) EPS. Q2 Holdings’s quarterly revenue was up 30.8% compared to the same quarter last year. equities analysts predict that Q2 Holdings, Inc. will post -0.48 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. bought a new position in shares of Q2 Holdings in the 1st quarter worth $431,000. Franklin Resources Inc. lifted its holdings in shares of Q2 Holdings by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after purchasing an additional 536,772 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Q2 Holdings in the 2nd quarter worth $924,000. First Trust Advisors LP lifted its holdings in shares of Q2 Holdings by 213.2% in the 2nd quarter. First Trust Advisors LP now owns 52,950 shares of the technology company’s stock worth $1,957,000 after purchasing an additional 36,046 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Q2 Holdings by 39.7% in the 2nd quarter. William Blair Investment Management LLC now owns 214,696 shares of the technology company’s stock worth $7,933,000 after purchasing an additional 61,059 shares in the last quarter. Institutional investors own 92.19% of the company’s stock.
A number of equities analysts have issued reports on the company. DA Davidson assumed coverage on Q2 Holdings in a report on Thursday. They set a “neutral” rating and a $38.00 price target on the stock. BidaskClub upgraded Q2 Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. BTIG Research restated a “buy” rating and set a $47.00 price target on shares of Q2 Holdings in a report on Sunday, November 5th. SunTrust Banks, Inc. restated a “buy” rating on shares of Q2 Holdings in a report on Friday, November 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Q2 Holdings in a report on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $44.90.
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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