Q2 Holdings Inc. (NYSE:QTWO) SVP Barry G. Benton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $28.27, for a total transaction of $28,270.00. Following the transaction, the senior vice president now owns 15,723 shares in the company, valued at $444,489.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Q2 Holdings Inc. (NYSE:QTWO) opened at 28.24 on Wednesday. The firm has a 50 day moving average of $27.95 and a 200 day moving average of $25.85. The stock’s market cap is $1.12 billion. Q2 Holdings Inc. has a one year low of $16.43 and a one year high of $30.73.

Q2 Holdings (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.13. Q2 Holdings had a negative return on equity of 22.39% and a negative net margin of 27.14%. The business earned $36 million during the quarter, compared to the consensus estimate of $35.66 million. The business’s quarterly revenue was up 36.9% on a year-over-year basis. On average, equities research analysts predict that Q2 Holdings Inc. will post ($0.35) EPS for the current fiscal year.

A number of brokerages have recently issued reports on QTWO. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of Q2 Holdings in a research note on Monday, August 29th. Zacks Investment Research upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. RBC Capital Markets restated an “outperform” rating and set a $31.00 target price (up from $27.00) on shares of Q2 Holdings in a research report on Friday, August 5th. Royal Bank Of Canada upped their target price on shares of Q2 Holdings from $27.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Finally, BTIG Research restated a “buy” rating and set a $32.00 target price on shares of Q2 Holdings in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Q2 Holdings currently has a consensus rating of “Buy” and an average price target of $30.50.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in shares of Q2 Holdings by 24.3% in the second quarter. Teacher Retirement System of Texas now owns 3,554 shares of the company’s stock valued at $100,000 after buying an additional 695 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Q2 Holdings by 75.0% in the first quarter. BlackRock Group LTD now owns 7,201 shares of the company’s stock valued at $173,000 after buying an additional 3,086 shares in the last quarter. Bienville Capital Management LLC purchased a new stake in shares of Q2 Holdings during the second quarter valued at $222,000. Penserra Capital Management LLC purchased a new stake in shares of Q2 Holdings during the second quarter valued at $238,000. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Q2 Holdings by 4.2% in the first quarter. UBS Asset Management Americas Inc. now owns 11,255 shares of the company’s stock valued at $271,000 after buying an additional 455 shares in the last quarter. Institutional investors own 89.16% of the company’s stock.

Q2 Holdings Company Profile

Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.

5 Day Chart for NYSE:QTWO

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