Q2 Holdings, Inc. (NYSE:QTWO) Insider Kimberly Anne Rutledge Sells 6,656 Shares

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) insider Kimberly Anne Rutledge sold 6,656 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Q2 Stock Up 1.2 %

NYSE QTWO traded up $0.91 on Monday, reaching $76.78. The company had a trading volume of 182,686 shares, compared to its average volume of 611,698. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of -118.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. The company's fifty day moving average is $89.81 and its 200-day moving average is $90.27.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, research analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Remove Ads

Analyst Ratings Changes

Several analysts have recently commented on QTWO shares. Raymond James raised their price target on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada boosted their price objective on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Needham & Company LLC lifted their target price on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. KeyCorp raised Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price for the company in a report on Wednesday, December 18th. Finally, Stephens reiterated an "overweight" rating and set a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and an average target price of $105.27.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. William Blair Investment Management LLC acquired a new position in shares of Q2 during the 4th quarter worth approximately $202,645,000. State Street Corp boosted its position in shares of Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock worth $133,118,000 after acquiring an additional 5,000 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Q2 by 11.2% during the 4th 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Q2 by 2.7% during the 4th 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after acquiring an additional 698,464 shares in the last quarter.

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.