Q2 (NYSE:QTWO) COO Himagiri Mukkamala Sells 3,024 Shares

Q2 Holdings, Inc. (NYSE:QTWO) COO Himagiri Mukkamala sold 3,024 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $222,808.32. Following the completion of the sale, the chief operating officer owned 96,046 shares of the company’s stock, valued at approximately $7,076,669.28. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Q2 Trading Up 1.2%

Shares of QTWO stock traded up $0.88 during trading hours on Thursday, reaching $75.42. 1,154,647 shares of the company’s stock were exchanged, compared to its average volume of 863,107. Q2 Holdings, Inc. has a fifty-two week low of $58.57 and a fifty-two week high of $108.51. The stock’s 50 day moving average is $67.17 and its 200-day moving average is $78.25. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 157.13 and a beta of 1.37.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on QTWO shares. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a report on Wednesday, October 8th. UBS Group set a $90.00 price target on shares of Q2 in a research note on Thursday, November 6th. Cantor Fitzgerald decreased their price target on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Needham & Company LLC lowered their price target on Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.40.

Institutional Trading of Q2

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its position in Q2 by 56.1% during the first quarter. Cetera Investment Advisers now owns 4,700 shares of the technology company’s stock valued at $376,000 after purchasing an additional 1,689 shares during the period. LPL Financial LLC raised its stake in shares of Q2 by 1.4% during the 1st quarter. LPL Financial LLC now owns 25,933 shares of the technology company’s stock valued at $2,075,000 after buying an additional 364 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Q2 by 42.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,816 shares of the technology company’s stock valued at $225,000 after buying an additional 844 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Q2 by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 514,732 shares of the technology company’s stock worth $41,184,000 after buying an additional 7,667 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Q2 by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,861 shares of the technology company’s stock worth $229,000 after acquiring an additional 259 shares during the period.

About Q2

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.