Q2 Holdings Inc. (QTWO) Director Sells $2,337,000.00 in Stock
Q2 Holdings Inc. (NYSE:QTWO) Director R. H. Seale sold 82,000 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $28.50, for a total transaction of $2,337,000.00. Following the completion of the transaction, the director now owns 379,798 shares in the company, valued at $10,824,243. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Q2 Holdings Inc. (NYSE:QTWO) opened at 28.37 on Friday. Q2 Holdings Inc. has a 52-week low of $16.43 and a 52-week high of $30.73. The stock’s market cap is $1.13 billion. The company’s 50-day moving average is $28.44 and its 200-day moving average is $26.46.
Q2 Holdings (NYSE:QTWO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.13. The company earned $36 million during the quarter, compared to analysts’ expectations of $35.66 million. Q2 Holdings had a negative net margin of 27.14% and a negative return on equity of 22.39%. Q2 Holdings’s revenue for the quarter was up 36.9% on a year-over-year basis. Equities analysts anticipate that Q2 Holdings Inc. will post ($0.35) EPS for the current year.
A number of equities analysts have commented on QTWO shares. Zacks Investment Research downgraded shares of Q2 Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Morgan Stanley assumed coverage on shares of Q2 Holdings in a research note on Monday, July 25th. They set an “equal weight” rating and a $29.00 price objective on the stock. Needham & Company LLC assumed coverage on shares of Q2 Holdings in a research note on Tuesday, June 21st. They set a “buy” rating and a $34.00 price objective on the stock. BTIG Research reiterated a “buy” rating and set a $32.00 price objective on shares of Q2 Holdings in a research note on Thursday, August 4th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $31.00 price objective (up from $27.00) on shares of Q2 Holdings in a research note on Friday, August 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.50.
Several large investors have recently added to or reduced their stakes in QTWO. Teacher Retirement System of Texas increased its stake in Q2 Holdings by 24.3% in the second quarter. Teacher Retirement System of Texas now owns 3,554 shares of the company’s stock worth $100,000 after buying an additional 695 shares during the period. Bienville Capital Management LLC bought a new stake in Q2 Holdings during the second quarter worth about $222,000. Penserra Capital Management LLC bought a new stake in Q2 Holdings during the second quarter worth about $238,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Q2 Holdings during the second quarter worth about $304,000. Finally, BlackRock Advisors LLC increased its stake in Q2 Holdings by 26.9% in the second quarter. BlackRock Advisors LLC now owns 11,794 shares of the company’s stock worth $330,000 after buying an additional 2,498 shares during the period. 89.16% of the stock is currently owned by institutional investors and hedge funds.
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.
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