Q2 Holdings Inc (NYSE:QTWO) insider William M. Furrer sold 21,406 shares of the stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $57.35, for a total transaction of $1,227,634.10. Following the sale, the insider now owns 86,888 shares of the company’s stock, valued at $4,983,026.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Q2 stock opened at $57.15 on Friday. Q2 Holdings Inc has a 1-year low of $31.95 and a 1-year high of $58.75. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -119.06 and a beta of 1.40. The company has a debt-to-equity ratio of 1.13, a quick ratio of 5.35 and a current ratio of 5.35.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. Q2 had a negative net margin of 12.32% and a negative return on equity of 16.28%. The firm had revenue of $54.80 million for the quarter, compared to analyst estimates of $53.01 million. During the same period last year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. equities research analysts predict that Q2 Holdings Inc will post -0.5 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Jefferies Group LLC bought a new position in shares of Q2 in the fourth quarter valued at $201,000. Virtu Financial LLC bought a new position in shares of Q2 in the fourth quarter valued at $205,000. Aperio Group LLC bought a new position in shares of Q2 in the first quarter valued at $230,000. Oppenheimer Asset Management Inc. bought a new position in shares of Q2 in the first quarter valued at $260,000. Finally, Sei Investments Co. lifted its stake in shares of Q2 by 17.6% in the first quarter. Sei Investments Co. now owns 7,217 shares of the technology company’s stock valued at $329,000 after buying an additional 1,080 shares in the last quarter. 92.99% of the stock is currently owned by hedge funds and other institutional investors.

QTWO has been the topic of several research analyst reports. Wells Fargo & Co initiated coverage on shares of Q2 in a research note on Thursday, February 8th. They set an “outperform” rating and a $50.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of Q2 in a research note on Friday, February 16th. Needham & Company LLC increased their target price on shares of Q2 from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Morgan Stanley increased their target price on shares of Q2 from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday, February 16th. Finally, Zacks Investment Research lowered shares of Q2 from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $50.25.

Q2 Company Profile

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.

Insider Buying and Selling by Quarter for Q2 (NYSE:QTWO)

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