Q2 (NYSE:QTWO) CFO Jonathan Price Sells 77,180 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) CFO Jonathan Price sold 77,180 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $65.71, for a total transaction of $5,071,497.80. Following the sale, the chief financial officer directly owned 207,633 shares of the company’s stock, valued at $13,643,564.43. The trade was a 27.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Q2 Stock Down 2.4%

Shares of Q2 stock opened at $64.65 on Friday. The firm has a market cap of $4.03 billion, a PE ratio of 46.18 and a beta of 1.30. Q2 Holdings, Inc. has a 12-month low of $40.79 and a 12-month high of $85.19. The company’s fifty day simple moving average is $52.96 and its two-hundred day simple moving average is $51.26.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $219.77 million for the quarter, compared to analysts’ expectations of $216.86 million. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share. As a group, sell-side analysts expect that Q2 Holdings, Inc. will post 1.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of recent analyst reports. UBS Group set a $68.00 price objective on Q2 in a research report on Friday, July 31st. Needham & Company LLC upped their target price on Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 30th. DA Davidson reaffirmed a “buy” rating and issued a $82.00 price target on shares of Q2 in a research note on Thursday, July 23rd. Morgan Stanley lifted their price target on shares of Q2 from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $74.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QTWO. Advisors Asset Management Inc. lifted its stake in shares of Q2 by 35.0% in the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after purchasing an additional 220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Q2 by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock worth $2,803,000 after purchasing an additional 1,525 shares during the period. Goldman Sachs Group Inc. raised its holdings in Q2 by 21.6% in the first quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock worth $43,023,000 after purchasing an additional 95,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Q2 by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock worth $14,907,000 after purchasing an additional 6,909 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Q2 by 592.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after buying an additional 539 shares during the period.

About Q2

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.