Jennifer Noel Harris Sells 15,000 Shares of Q2 Holdings Inc (NYSE:QTWO) Stock
Q2 Holdings Inc (NYSE:QTWO) CFO Jennifer Noel Harris sold 15,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $70.22, for a total value of $1,053,300.00. Following the completion of the sale, the chief financial officer now directly owns 129,865 shares of the company’s stock, valued at $9,119,120.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Q2 stock opened at $73.44 on Friday. Q2 Holdings Inc has a 12 month low of $43.41 and a 12 month high of $76.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market cap of $3.15 billion, a PE ratio of -198.49 and a beta of 1.48.
Q2 (NYSE:QTWO) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.21). Q2 had a negative return on equity of 16.48% and a negative net margin of 18.89%. The company had revenue of $71.30 million for the quarter, compared to analysts’ expectations of $70.67 million. During the same quarter last year, the company earned ($0.14) EPS. Q2’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Q2 Holdings Inc will post -0.64 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in Q2 by 36.7% in the fourth quarter. Victory Capital Management Inc. now owns 738,399 shares of the technology company’s stock worth $36,587,000 after acquiring an additional 198,345 shares in the last quarter. Geode Capital Management LLC raised its position in Q2 by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 379,916 shares of the technology company’s stock worth $18,824,000 after acquiring an additional 30,709 shares in the last quarter. BlackRock Inc. raised its position in Q2 by 5.9% in the fourth quarter. BlackRock Inc. now owns 2,683,111 shares of the technology company’s stock worth $132,948,000 after acquiring an additional 150,440 shares in the last quarter. Northern Trust Corp raised its position in Q2 by 2.1% in the fourth quarter. Northern Trust Corp now owns 473,191 shares of the technology company’s stock worth $23,446,000 after acquiring an additional 9,689 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Q2 by 49.4% in the fourth quarter. Venturi Wealth Management LLC now owns 398,957 shares of the technology company’s stock worth $15,805,000 after acquiring an additional 131,842 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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