Michael A. Volanoski Sells 15,005 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 15,005 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the completion of the sale, the executive now directly owns 197,966 shares of the company’s stock, valued at $14,673,239.92. The trade was a 7.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Q2 Stock Performance

Shares of NYSE QTWO opened at $75.89 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50 day moving average price of $89.81 and a 200 day moving average price of $90.15. The stock has a market capitalization of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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%. Analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Q2 by 38.6% during the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock worth $14,095,000 after purchasing an additional 49,233 shares during the period. Versor Investments LP bought a new position in shares of Q2 during the 3rd quarter worth approximately $590,000. Chase Investment Counsel Corp increased its holdings in shares of Q2 by 4.2% during the 3rd quarter. Chase Investment Counsel Corp now owns 48,365 shares of the technology company’s stock worth $3,858,000 after acquiring an additional 1,951 shares during the last quarter. Parametrica Management Ltd bought a new stake in Q2 in the 3rd quarter valued at $236,000. Finally, Natixis Advisors LLC lifted its holdings in Q2 by 4.5% during the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 744 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Needham & Company LLC raised their price target on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price objective on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Raymond James increased their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Q2 has a consensus rating of “Moderate Buy” and a consensus price target of $105.27.

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.