Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares of the company's stock, valued at $8,396,165.36. This represents a 5.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Q2 Trading Down 3.2 %
QTWO stock opened at $72.88 on Friday. The business has a fifty day moving average price of $90.35 and a 200 day moving average price of $90.03. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -112.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.
Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.
Institutional Investors Weigh In On Q2
Several hedge funds and other institutional investors have recently made changes to their positions in QTWO. Principal Financial Group Inc. increased its stake in shares of Q2 by 38.6% in the 3rd quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock valued at $14,095,000 after buying an additional 49,233 shares during the period. Versor Investments LP acquired a new stake in shares of Q2 in the 3rd quarter valued at $590,000. Chase Investment Counsel Corp boosted its position in shares of Q2 by 4.2% in the 3rd quarter. Chase Investment Counsel Corp now owns 48,365 shares of the technology company's stock worth $3,858,000 after purchasing an additional 1,951 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of Q2 in the 3rd quarter worth $236,000. Finally, Natixis Advisors LLC boosted its position in shares of Q2 by 4.5% in the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company's stock worth $1,391,000 after purchasing an additional 744 shares during the last quarter.
Wall Street Analyst Weigh In
A number of brokerages have commented on QTWO. Raymond James raised their price objective on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their price objective on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Stephens reiterated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Needham & Company LLC raised their target price on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Citigroup raised their target price on Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $105.27.
View Our Latest Research Report on Q2
Q2 Company Profile
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Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.
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