Q2 Holdings Inc (NYSE:QTWO) Director James Offerdahl sold 2,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $67.71, for a total transaction of $135,420.00. Following the sale, the director now directly owns 8,079 shares in the company, valued at $547,029.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of QTWO traded up $0.17 during mid-day trading on Friday, hitting $68.17. 200,566 shares of the company traded hands, compared to its average volume of 379,665. Q2 Holdings Inc has a one year low of $43.41 and a one year high of $72.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $2.97 billion, a P/E ratio of -184.24 and a beta of 1.54.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.10. Q2 had a negative net margin of 14.68% and a negative return on equity of 12.18%. The business had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $66.77 million. During the same period in the prior year, the firm earned $0.05 earnings per share. Q2’s revenue was up 30.0% compared to the same quarter last year. As a group, analysts anticipate that Q2 Holdings Inc will post -0.65 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. grew its stake in shares of Q2 by 1.4% during the fourth quarter. American International Group Inc. now owns 24,630 shares of the technology company’s stock valued at $1,220,000 after purchasing an additional 333 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Q2 by 7.2% during the fourth quarter. Legal & General Group Plc now owns 14,078 shares of the technology company’s stock valued at $698,000 after purchasing an additional 949 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Q2 by 33.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 4,203 shares of the technology company’s stock valued at $201,000 after buying an additional 1,042 shares during the period. Allianz Asset Management GmbH lifted its holdings in Q2 by 6.7% in the third quarter. Allianz Asset Management GmbH now owns 20,319 shares of the technology company’s stock valued at $1,230,000 after buying an additional 1,275 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Q2 by 33.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,565 shares of the technology company’s stock valued at $277,000 after buying an additional 1,398 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on QTWO shares. Raymond James upped their price objective on shares of Q2 from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Loop Capital set a $67.00 price objective on shares of Q2 and gave the stock a “buy” rating in a research note on Monday, December 31st. SunTrust Banks raised shares of Q2 from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $84.00 in a research note on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price objective (up from $70.00) on shares of Q2 in a research note on Friday, March 1st. Finally, BTIG Research raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $67.33.

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About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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