Q2 Holdings Inc (NYSE:QTWO) – SunTrust Banks issued their Q3 2019 EPS estimates for shares of Q2 in a research note issued to investors on Wednesday, November 7th. SunTrust Banks analyst T. Tillman forecasts that the technology company will earn ($0.09) per share for the quarter. SunTrust Banks also issued estimates for Q2’s Q4 2019 earnings at ($0.07) EPS.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. Q2 had a negative net margin of 12.88% and a negative return on equity of 13.06%. The company had revenue of $60.50 million for the quarter, compared to analyst estimates of $60.18 million. During the same quarter in the prior year, the business posted $0.03 EPS. Q2’s quarterly revenue was up 20.8% on a year-over-year basis.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Q2 from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Saturday, August 11th. Raymond James upped their price objective on shares of Q2 from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, September 10th. Stephens started coverage on shares of Q2 in a report on Thursday, September 27th. They set an “equal weight” rating and a $70.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of Q2 in a report on Thursday, August 9th. Finally, DA Davidson upped their price objective on shares of Q2 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Q2 has a consensus rating of “Buy” and an average target price of $62.79.

Shares of QTWO opened at $52.64 on Friday. Q2 has a 12 month low of $36.25 and a 12 month high of $67.10. The company has a current ratio of 6.00, a quick ratio of 6.00 and a debt-to-equity ratio of 1.12.

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Q2 by 38.4% in the 2nd quarter. Bank of America Corp DE now owns 114,434 shares of the technology company’s stock valued at $6,529,000 after buying an additional 31,732 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Q2 in the 2nd quarter valued at $132,000. Trexquant Investment LP acquired a new position in shares of Q2 in the 2nd quarter valued at $267,000. Sei Investments Co. raised its stake in shares of Q2 by 293.8% in the 2nd quarter. Sei Investments Co. now owns 28,421 shares of the technology company’s stock valued at $1,621,000 after buying an additional 21,204 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in shares of Q2 by 18.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,971,546 shares of the technology company’s stock valued at $112,477,000 after buying an additional 308,155 shares in the last quarter. 93.17% of the stock is owned by hedge funds and other institutional investors.

In other Q2 news, SVP Barry G. Benton sold 5,541 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $65.73, for a total value of $364,209.93. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam D. Blue sold 31,048 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $61.80, for a total transaction of $1,918,766.40. Following the completion of the sale, the insider now directly owns 70,848 shares of the company’s stock, valued at $4,378,406.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,472,477 shares of company stock valued at $86,758,418. Insiders own 17.90% of the company’s stock.

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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Earnings History and Estimates for Q2 (NYSE:QTWO)

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