Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CEO Matthew P. Flake sold 36,023 shares of Q2 stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the transaction, the chief executive officer now owns 485,666 shares of the company's stock, valued at $39,023,263.10. The trade was a 6.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Q2 Stock Up 1.0 %
Shares of QTWO opened at $82.25 on Thursday. The stock has a fifty day simple moving average of $86.05 and a two-hundred day simple moving average of $90.84. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $4.99 billion, a PE ratio of -126.54 and a beta of 1.62. Q2 Holdings, Inc. has a 52-week low of $49.56 and a 52-week high of $112.82.
Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, equities analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of QTWO. State Street Corp lifted its stake in Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after purchasing an additional 7,475 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock valued at $11,208,000 after purchasing an additional 42,433 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Q2 during the 4th quarter worth approximately $288,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock valued at $51,036,000 after buying an additional 10,636 shares during the period.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on QTWO. Royal Bank of Canada lifted their price target on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Baird R W lowered Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Needham & Company LLC boosted their price target on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Citigroup lifted their target price on shares of Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Raymond James increased their target price on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.47.
Read Our Latest Research Report on QTWO
About Q2
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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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