Wall Street analysts forecast that Q2 Holdings Inc (NYSE:QTWO) will post sales of $51.69 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Q2’s earnings. The highest sales estimate is $51.80 million and the lowest is $51.56 million. Q2 posted sales of $42.16 million in the same quarter last year, which suggests a positive year over year growth rate of 22.6%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Q2 will report full-year sales of $51.69 million for the current year, with estimates ranging from $193.84 million to $194.08 million. For the next year, analysts expect that the company will post sales of $240.44 million per share, with estimates ranging from $238.42 million to $242.60 million. Zacks’ sales averages are an average based on a survey of analysts that follow Q2.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the company posted ($0.24) earnings per share.

A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Needham & Company LLC restated a “buy” rating and issued a $48.00 price target on shares of Q2 in a report on Friday, November 3rd. Loop Capital raised their price target on shares of Q2 from $42.00 to $49.00 and gave the stock a “positive” rating in a report on Friday, November 3rd. SunTrust Banks restated a “buy” rating on shares of Q2 in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Q2 from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.36.

Q2 (NYSE QTWO) traded up $0.45 during trading hours on Thursday, reaching $37.90. 195,900 shares of the company’s stock were exchanged, compared to its average volume of 224,152. Q2 has a 1-year low of $28.90 and a 1-year high of $44.35.

In other Q2 news, SVP Barry G. Benton sold 1,500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $42.69, for a total value of $64,035.00. Following the transaction, the senior vice president now directly owns 23,487 shares of the company’s stock, valued at $1,002,660.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey T. Diehl sold 800,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $41.50, for a total transaction of $33,200,000.00. The disclosure for this sale can be found here. Insiders sold 940,086 shares of company stock worth $38,783,190 over the last ninety days. Insiders own 24.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its position in shares of Q2 by 55.6% during the second quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after purchasing an additional 536,772 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Q2 by 4.9% during the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock valued at $68,657,000 after purchasing an additional 77,433 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Q2 during the second quarter valued at about $515,000. State Board of Administration of Florida Retirement System lifted its position in shares of Q2 by 51.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 29,955 shares of the technology company’s stock valued at $1,107,000 after purchasing an additional 10,143 shares in the last quarter. Finally, AXA lifted its position in shares of Q2 by 20.9% during the second quarter. AXA now owns 81,000 shares of the technology company’s stock valued at $2,993,000 after purchasing an additional 14,000 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

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About Q2

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

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