Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) Director R. H. Seale sold 22,300 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $32.59, for a total transaction of $726,757.00. Following the completion of the transaction, the director now owns 426,354 shares in the company, valued at $13,894,876.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Q2 Stock Performance
QTWO stock opened at $32.62 on Tuesday. The business’s fifty day moving average is $33.64 and its 200-day moving average is $28.90. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.91 billion, a P/E ratio of -22.34 and a beta of 1.44. Q2 Holdings, Inc. has a twelve month low of $18.91 and a twelve month high of $37.94.
Q2 (NYSE:QTWO – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Q2 had a negative return on equity of 9.76% and a negative net margin of 14.08%. The firm had revenue of $154.61 million for the quarter, compared to the consensus estimate of $154.11 million. Equities research analysts forecast that Q2 Holdings, Inc. will post -0.57 EPS for the current year.
Analyst Upgrades and Downgrades
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. Nicholas Company Inc. grew its stake in Q2 by 5.0% in the first quarter. Nicholas Company Inc. now owns 213,465 shares of the technology company’s stock valued at $5,256,000 after acquiring an additional 10,190 shares during the period. B. Metzler seel. Sohn & Co. AG grew its position in shares of Q2 by 12.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 26,749 shares of the technology company’s stock valued at $659,000 after purchasing an additional 2,891 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Q2 by 0.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 171,129 shares of the technology company’s stock worth $4,598,000 after purchasing an additional 938 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Q2 during the 1st quarter worth approximately $4,906,000. Finally, Conestoga Capital Advisors LLC lifted its stake in Q2 by 1.6% in the first quarter. Conestoga Capital Advisors LLC now owns 2,218,258 shares of the technology company’s stock valued at $54,614,000 after buying an additional 34,716 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.
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