Q2 Holdings Inc (NYSE:QTWO) SVP Barry G. Benton sold 5,541 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $65.73, for a total transaction of $364,209.93. Following the sale, the senior vice president now directly owns 38,140 shares of the company’s stock, valued at approximately $2,506,942.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

QTWO stock traded up $0.30 during midday trading on Friday, reaching $65.80. The company’s stock had a trading volume of 214,155 shares, compared to its average volume of 283,443. Q2 Holdings Inc has a 52 week low of $36.25 and a 52 week high of $67.10. The stock has a market cap of $2.81 billion, a PE ratio of -137.08 and a beta of 1.42. The company has a debt-to-equity ratio of 1.12, a quick ratio of 6.00 and a current ratio of 6.00.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.15. Q2 had a negative net margin of 12.07% and a negative return on equity of 14.66%. The firm had revenue of $58.57 million for the quarter, compared to analysts’ expectations of $58.34 million. sell-side analysts predict that Q2 Holdings Inc will post -0.53 earnings per share for the current fiscal year.

QTWO has been the subject of a number of research reports. Zacks Investment Research raised shares of Q2 from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Saturday, August 11th. Stifel Nicolaus raised their price target on shares of Q2 from $59.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 8th. Royal Bank of Canada reissued a “buy” rating and issued a $65.00 price target on shares of Q2 in a report on Thursday, August 9th. DA Davidson raised their price target on shares of Q2 to $52.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Finally, SunTrust Banks lowered shares of Q2 from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a report on Monday, May 21st. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.36.

A number of hedge funds have recently made changes to their positions in QTWO. BlackRock Inc. boosted its stake in Q2 by 18.6% in the second quarter. BlackRock Inc. now owns 2,462,356 shares of the technology company’s stock valued at $140,477,000 after acquiring an additional 385,863 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Q2 during the second quarter worth $17,720,000. Artisan Partners Limited Partnership boosted its position in shares of Q2 by 18.5% during the second quarter. Artisan Partners Limited Partnership now owns 1,971,546 shares of the technology company’s stock worth $112,477,000 after purchasing an additional 308,155 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Q2 by 352.5% during the first quarter. Venturi Wealth Management LLC now owns 379,125 shares of the technology company’s stock worth $17,269,000 after purchasing an additional 295,337 shares in the last quarter. Finally, Columbus Circle Investors boosted its position in shares of Q2 by 203.5% during the second quarter. Columbus Circle Investors now owns 362,067 shares of the technology company’s stock worth $20,656,000 after purchasing an additional 242,765 shares in the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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