Q2 Holdings Inc. (QTWO) Director R. H. Seale Sells 25,000 Shares
Q2 Holdings Inc. (NYSE:QTWO) Director R. H. Seale sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $28.13, for a total transaction of $703,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Q2 Holdings Inc. (NYSE:QTWO) opened at 28.16 on Monday. The company’s market capitalization is $1.12 billion. Q2 Holdings Inc. has a 1-year low of $16.43 and a 1-year high of $30.73. The company has a 50 day moving average of $28.46 and a 200 day moving average of $26.64.
Q2 Holdings (NYSE:QTWO) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.13. Q2 Holdings had a negative net margin of 27.14% and a negative return on equity of 22.39%. The company earned $36 million during the quarter, compared to the consensus estimate of $35.66 million. The company’s revenue was up 36.9% compared to the same quarter last year. On average, analysts predict that Q2 Holdings Inc. will post ($0.35) earnings per share for the current fiscal year.
Several brokerages have commented on QTWO. BTIG Research restated a “buy” rating and set a $32.00 target price on shares of Q2 Holdings in a report on Thursday, August 4th. Needham & Company LLC began coverage on shares of Q2 Holdings in a report on Tuesday, June 21st. They set a “buy” rating and a $34.00 target price on the stock. Morgan Stanley began coverage on shares of Q2 Holdings in a report on Monday, July 25th. They set an “equal weight” rating and a $29.00 target price on the stock. Royal Bank Of Canada raised their target price on shares of Q2 Holdings from $27.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Finally, Zacks Investment Research upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 24th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $30.50.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in Q2 Holdings by 28.9% in the first quarter. JPMorgan Chase & Co. now owns 1,773,208 shares of the company’s stock worth $42,628,000 after buying an additional 397,939 shares during the last quarter. Royce & Associates LP acquired a new position in Q2 Holdings during the first quarter worth about $3,750,000. Cupps Capital Management LLC boosted its position in Q2 Holdings by 5,427.5% in the first quarter. Cupps Capital Management LLC now owns 14,095 shares of the company’s stock worth $338,000 after buying an additional 13,840 shares during the last quarter. Renaissance Technologies LLC boosted its position in Q2 Holdings by 4.4% in the first quarter. Renaissance Technologies LLC now owns 460,900 shares of the company’s stock worth $11,080,000 after buying an additional 19,500 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in Q2 Holdings by 38.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 805,248 shares of the company’s stock worth $22,563,000 after buying an additional 224,779 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.
Q2 Holdings Company Profile
Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.
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