Insider Selling: Q2 (NYSE:QTWO) Insider Sells $630,700.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 10,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $63.07, for a total transaction of $630,700.00. Following the transaction, the insider owned 113,913 shares of the company’s stock, valued at approximately $7,184,492.91. The trade was a 8.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Q2 Stock Performance

NYSE QTWO opened at $64.65 on Friday. The company has a market capitalization of $4.03 billion, a PE ratio of 46.18 and a beta of 1.30. Q2 Holdings, Inc. has a 52-week low of $40.79 and a 52-week high of $85.19. The company has a 50-day simple moving average of $52.96 and a 200 day simple moving average of $51.26.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The firm had revenue of $219.77 million during the quarter, compared to the consensus estimate of $216.86 million. During the same period in the prior year, the firm earned $0.18 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. As a group, analysts forecast that Q2 Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on QTWO. JPMorgan Chase & Co. decreased their target price on Q2 from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, June 22nd. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research upgraded Q2 from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Q2 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Finally, DA Davidson reissued a “buy” rating and issued a $82.00 price objective on shares of Q2 in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $74.00.

Institutional Investors Weigh In On Q2

A number of hedge funds and other institutional investors have recently bought and sold shares of QTWO. Vanguard Group Inc. lifted its position in shares of Q2 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock worth $576,929,000 after acquiring an additional 82,827 shares in the last quarter. Capital Research Global Investors grew its position in shares of Q2 by 86.2% in the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock valued at $226,658,000 after purchasing an additional 1,454,076 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Q2 by 25.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after purchasing an additional 553,713 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Q2 by 2.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock valued at $156,221,000 after purchasing an additional 60,016 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Q2 by 119.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock valued at $57,253,000 after purchasing an additional 657,707 shares during the period.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.