Q2 (NYSE:QTWO) Insider Kimberly Anne Rutledge Sells 10,000 Shares

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 10,000 shares of Q2 stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.07, for a total transaction of $630,700.00. Following the completion of the sale, the insider owned 113,913 shares in the company, valued at $7,184,492.91. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Q2 Price Performance

Shares of NYSE:QTWO opened at $62.40 on Thursday. The company’s 50-day moving average price is $52.16 and its two-hundred day moving average price is $51.18. Q2 Holdings, Inc. has a one year low of $40.79 and a one year high of $85.19. The stock has a market capitalization of $3.89 billion, a PE ratio of 44.57 and a beta of 1.30.

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

Institutional Trading of Q2

Hedge funds have recently made changes to their positions in the business. Summit Creek Advisors LLC bought a new position in shares of Q2 during the 2nd quarter worth approximately $4,892,000. Bank of New York Mellon Corp bought a new stake in Q2 in the 2nd quarter valued at $19,639,000. Handelsbanken Fonder AB raised its stake in Q2 by 1.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 232,860 shares of the technology company’s stock valued at $11,201,000 after acquiring an additional 3,544 shares during the period. Harbor Investment Advisory LLC acquired a new stake in Q2 during the 2nd quarter valued at $61,000. Finally, Central Pacific Bank Trust Division lifted its holdings in Q2 by 40.7% during the 2nd quarter. Central Pacific Bank Trust Division now owns 4,508 shares of the technology company’s stock valued at $217,000 after purchasing an additional 1,304 shares during the last quarter.

Analysts Set New Price Targets

QTWO has been the topic of several recent analyst reports. Zacks Research raised Q2 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. DA Davidson reissued a “buy” rating and issued a $82.00 target price on shares of Q2 in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Q2 from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Finally, Needham & Company LLC increased their price target on shares of Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.00.

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.