Q2 Holdings, Inc. (QTWO) CFO Sells $404,900.00 in Stock
Q2 Holdings, Inc. (NYSE:QTWO) CFO Jennifer Noel Harris sold 10,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.49, for a total transaction of $404,900.00. Following the completion of the sale, the chief financial officer now directly owns 74,575 shares of the company’s stock, valued at $3,019,541.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Q2 Holdings, Inc. (NYSE QTWO) opened at $41.40 on Monday. Q2 Holdings, Inc. has a fifty-two week low of $27.80 and a fifty-two week high of $44.35.
Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The business’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) earnings per share. equities analysts anticipate that Q2 Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.
Several brokerages have recently commented on QTWO. DA Davidson began coverage on shares of Q2 in a research note on Thursday, November 16th. They set a “neutral” rating and a $38.00 price objective for the company. BidaskClub raised shares of Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. BTIG Research reaffirmed a “buy” rating and set a $47.00 price objective on shares of Q2 in a research note on Sunday, November 5th. SunTrust Banks reaffirmed a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Q2 in a research report on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.90.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System purchased a new stake in Q2 in the third quarter worth about $367,000. Artisan Partners Limited Partnership grew its holdings in Q2 by 4.9% in the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock worth $68,657,000 after purchasing an additional 77,433 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Q2 by 18.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 144,668 shares of the technology company’s stock worth $6,026,000 after purchasing an additional 22,214 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Q2 in the third quarter worth about $1,125,000. Finally, Axiom International Investors LLC DE grew its holdings in Q2 by 12.9% in the third quarter. Axiom International Investors LLC DE now owns 182,129 shares of the technology company’s stock worth $7,586,000 after purchasing an additional 20,875 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.
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Q2 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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