Q2 Holdings, Inc. (NYSE:QTWO) Director Rebecca Lynn Atchison sold 2,000 shares of Q2 stock in a transaction on Monday, January 11th. The shares were sold at an average price of $127.42, for a total value of $254,840.00. Following the transaction, the director now owns 8,165 shares of the company’s stock, valued at approximately $1,040,384.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:QTWO opened at $128.01 on Thursday. The stock has a 50-day simple moving average of $121.70 and a two-hundred day simple moving average of $101.89. Q2 Holdings, Inc. has a 52-week low of $47.17 and a 52-week high of $130.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.88 and a current ratio of 3.88. The firm has a market capitalization of $6.90 billion, a PE ratio of -58.99 and a beta of 1.57.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, November 4th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Q2 had a negative return on equity of 5.59% and a negative net margin of 30.10%. The business had revenue of $103.80 million during the quarter, compared to analyst estimates of $102.92 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Q2’s revenue for the quarter was up 30.2% on a year-over-year basis. Equities analysts forecast that Q2 Holdings, Inc. will post -0.82 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Q2 by 9.9% during the second quarter. Vanguard Group Inc. now owns 4,579,478 shares of the technology company’s stock valued at $392,873,000 after purchasing an additional 413,446 shares during the period. Champlain Investment Partners LLC lifted its position in shares of Q2 by 6.1% in the third quarter. Champlain Investment Partners LLC now owns 2,511,828 shares of the technology company’s stock valued at $229,229,000 after acquiring an additional 144,368 shares in the last quarter. Wasatch Advisors Inc. lifted its position in shares of Q2 by 0.6% in the third quarter. Wasatch Advisors Inc. now owns 1,283,689 shares of the technology company’s stock valued at $117,150,000 after acquiring an additional 8,278 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Q2 by 1.2% in the third quarter. Federated Hermes Inc. now owns 1,212,900 shares of the technology company’s stock valued at $110,689,000 after acquiring an additional 14,500 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Q2 by 10.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 751,277 shares of the technology company’s stock valued at $68,562,000 after acquiring an additional 73,247 shares in the last quarter.

A number of research analysts have issued reports on QTWO shares. BidaskClub cut Q2 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 30th. Zacks Investment Research cut Q2 from a “buy” rating to a “hold” rating in a research note on Thursday. Compass Point assumed coverage on Q2 in a research note on Wednesday, September 16th. They set a “buy” rating and a $120.00 price objective for the company. DA Davidson lifted their target price on Q2 from $88.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, November 6th. They noted that the move was a valuation call. Finally, ValuEngine lowered Q2 from a “buy” rating to a “hold” rating in a report on Friday, December 11th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Q2 has an average rating of “Buy” and a consensus target price of $102.83.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company 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 integrated person-to-person payments solution.

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