Kirk Coleman Sells 8,559 Shares of Q2 (NYSE:QTWO) Stock

by · The Markets Daily

Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) insider Kirk Coleman sold 8,559 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total transaction of $630,627.12. Following the transaction, the insider directly owned 269,128 shares in the company, valued at approximately $19,829,351.04. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Q2 Trading Up 1.2%

NYSE QTWO traded up $0.88 during trading on Thursday, reaching $75.42. The company’s stock had a trading volume of 1,154,647 shares, compared to its average volume of 863,107. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 157.13 and a beta of 1.37. Q2 Holdings, Inc. has a 12 month low of $58.57 and a 12 month high of $108.51. The firm has a 50 day moving average price of $67.17 and a 200 day moving average price of $78.25.

Q2 (NYSE:QTWO – Get Free Report) last announced its earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.32). The business had revenue of $201.70 million for the quarter, compared to the consensus estimate of $197.87 million. Q2 had a return on equity of 10.92% and a net margin of 4.12%.The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.20) earnings per share. On average, equities analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Q2

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dakota Wealth Management lifted its stake in Q2 by 3.8% in the 2nd quarter. Dakota Wealth Management now owns 3,350 shares of the technology company’s stock valued at $314,000 after purchasing an additional 123 shares during the last quarter. Advisors Asset Management Inc. grew its position in Q2 by 18.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock worth $94,000 after acquiring an additional 154 shares during the last quarter. ANB Bank grew its position in Q2 by 7.1% during the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company’s stock worth $254,000 after acquiring an additional 179 shares during the last quarter. Hilltop National Bank increased its holdings in Q2 by 9.8% in the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock worth $150,000 after purchasing an additional 185 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its position in Q2 by 1.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 188 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on QTWO shares. UBS Group set a $90.00 price objective on Q2 in a report on Thursday, November 6th. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Royal Bank Of Canada reduced their price objective on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.40.

View Our Latest Research Report on QTWO

Q2 Company Profile

(Get Free Report)

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.

Read More