Q2 Holdings, Inc. (NYSE:QTWO) Director Sells 1,000 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now owns 17,241 shares in the company, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Q2 Stock Performance

Shares of QTWO stock traded down $0.53 during mid-day trading on Tuesday, hitting $85.24. The stock had a trading volume of 564,382 shares, compared to its average volume of 692,066. The firm has a market cap of $5.18 billion, a PE ratio of -131.14 and a beta of 1.61. The company’s 50-day simple moving average is $96.40 and its 200-day simple moving average is $89.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a fifty-two week low of $44.74 and a fifty-two week high of $112.82.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Institutional Trading of Q2

Institutional investors have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC grew its holdings in shares of Q2 by 1.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after acquiring an additional 34,300 shares during the period. William Blair Investment Management LLC acquired a new stake in Q2 in the 4th quarter valued at about $202,645,000. State Street Corp increased its holdings in Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after acquiring an additional 5,000 shares in the last quarter. Capital Research Global Investors raised its position in Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after acquiring an additional 152,872 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Q2 by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after acquiring an additional 36,025 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on QTWO shares. The Goldman Sachs Group boosted their price objective on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. DA Davidson upped their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Raymond James raised their price objective on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Morgan Stanley raised their price target on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.