Q2 (NYSE:QTWO) General Counsel Sells $17,857.06 in Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael Kerr sold 397 shares of Q2 stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $44.98, for a total transaction of $17,857.06. Following the sale, the general counsel owned 81,375 shares in the company, valued at $3,660,247.50. This represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Q2 Stock Up 0.2%

QTWO opened at $45.16 on Friday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 40.32 and a beta of 1.39. The firm’s 50 day moving average is $48.94 and its 200-day moving average is $59.80. Q2 Holdings, Inc. has a 52-week low of $44.46 and a 52-week high of $96.68.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The firm had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $214.40 million. Q2 had a net margin of 8.99% and a return on equity of 14.68%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. Equities analysts expect that Q2 Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald dropped their price objective on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Wall Street Zen downgraded shares of Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Morgan Stanley set a $63.00 price target on shares of Q2 in a research report on Thursday, April 30th. Finally, DA Davidson reissued a “buy” rating and set a $82.00 price target on shares of Q2 in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.27.

Institutional Trading of Q2

A number of hedge funds have recently made changes to their positions in QTWO. Root Financial Partners LLC acquired a new stake in shares of Q2 during the first quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Q2 in the second quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new position in Q2 in the third quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new position in Q2 in the third quarter worth $27,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Q2 in the fourth quarter worth $27,000.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.