Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale Sells 9,000 Shares

Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 9,000 shares of the business’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the sale, the director now owns 363,754 shares in the company, valued at approximately $18,224,075.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Q2 Trading Up 0.3 %

QTWO stock traded up $0.17 during mid-day trading on Friday, reaching $49.98. The company had a trading volume of 339,469 shares, compared to its average volume of 619,619. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $2.95 billion, a PE ratio of -44.83 and a beta of 1.49. The firm has a 50 day moving average of $48.56 and a 200 day moving average of $41.50. Q2 Holdings, Inc. has a 12 month low of $21.21 and a 12 month high of $53.96.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. The firm had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. On average, equities analysts predict that Q2 Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Q2

A number of hedge funds and other institutional investors have recently modified their holdings of QTWO. Jennison Associates LLC boosted its stake in shares of Q2 by 147.4% during the third quarter. Jennison Associates LLC now owns 1,225,286 shares of the technology company’s stock valued at $39,540,000 after purchasing an additional 729,959 shares in the last quarter. Norges Bank bought a new position in shares of Q2 during the fourth quarter valued at approximately $16,200,000. Vanguard Group Inc. boosted its stake in shares of Q2 by 7.5% during the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after purchasing an additional 487,111 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Q2 by 329.8% during the second quarter. Nuveen Asset Management LLC now owns 630,159 shares of the technology company’s stock valued at $19,472,000 after acquiring an additional 483,529 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Q2 by 948.9% during the fourth quarter. Millennium Management LLC now owns 525,476 shares of the technology company’s stock valued at $14,120,000 after acquiring an additional 475,377 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Q2 from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Piper Sandler upped their target price on shares of Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Robert W. Baird upped their target price on shares of Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Needham & Company LLC upped their target price on shares of Q2 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Truist Financial restated a “buy” rating and set a $60.00 target price (up from $50.00) on shares of Q2 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

About Q2

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.