R. H. Seale Sells 25,000 Shares of Q2 Holdings Inc. (QTWO) Stock
Q2 Holdings Inc. (NYSE:QTWO) Director R. H. Seale sold 25,000 shares of Q2 Holdings stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $28.13, for a total transaction of $703,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Q2 Holdings Inc. (NYSE:QTWO) opened at 28.00 on Tuesday. The company’s 50-day moving average is $28.44 and its 200 day moving average is $26.72. The company’s market cap is $1.11 billion. Q2 Holdings Inc. has a 52-week low of $16.43 and a 52-week high of $30.73.
Q2 Holdings (NYSE:QTWO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) 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 quarterly revenue was up 36.9% on a year-over-year basis. On average, analysts anticipate that Q2 Holdings Inc. will post ($0.35) EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC raised its stake in Q2 Holdings by 72.5% in the second quarter. William Blair Investment Management LLC now owns 347,209 shares of the company’s stock worth $9,729,000 after buying an additional 145,902 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Q2 Holdings during the second quarter valued at about $779,000. State Board of Administration of Florida Retirement System raised its stake in shares of Q2 Holdings by 19.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,822 shares of the company’s stock valued at $555,000 after buying an additional 3,228 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of Q2 Holdings during the second quarter valued at about $378,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Q2 Holdings during the second quarter valued at about $4,146,000. 88.95% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on QTWO. BTIG Research reiterated a “buy” rating and issued a $32.00 price objective on shares of Q2 Holdings in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Royal Bank Of Canada lifted their price objective on shares of Q2 Holdings from $27.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective on shares of Q2 Holdings in a report on Monday, August 29th. Finally, Morgan Stanley assumed coverage on shares of Q2 Holdings in a research report on Monday, July 25th. They set an “equal weight” rating and a $29.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Q2 Holdings presently has a consensus rating of “Buy” and a consensus price target of $30.50.
About Q2 Holdings
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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