Q2 (NYSE:QTWO) General Counsel Michael Kerr Sells 2,655 Shares of Stock

Q2 Holdings, Inc. (NYSE:QTWO) General Counsel Michael Kerr sold 2,655 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $74.81, for a total transaction of $198,620.55. Following the completion of the sale, the general counsel directly owned 78,084 shares in the company, valued at approximately $5,841,464.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Q2 Trading Up 1.5%

Shares of QTWO stock traded up $1.07 during trading on Friday, reaching $74.03. 257,720 shares of the company’s stock traded hands, compared to its average volume of 864,325. The company has a market capitalization of $4.57 billion, a P/E ratio of 43.80 and a beta of 1.36. The firm’s 50-day moving average is $63.27 and its 200 day moving average is $55.09. Q2 Holdings, Inc. has a 1 year low of $40.79 and a 1 year high of $76.37.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. Q2 had a net margin of 12.66% and a return on equity of 17.85%. The company had revenue of $225.77 million during the quarter, compared to the consensus estimate of $221.23 million. During the same period last year, the firm earned $0.23 EPS. Q2’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Q2 Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QTWO. Hohimer Wealth Management LLC raised its stake in Q2 by 3.4% during the third quarter. Hohimer Wealth Management LLC now owns 4,693 shares of the technology company’s stock valued at $260,000 after buying an additional 153 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Q2 by 24.5% in the third quarter. Hantz Financial Services Inc. now owns 1,545 shares of the technology company’s stock worth $86,000 after acquiring an additional 304 shares in the last quarter. Allworth Financial LP boosted its holdings in Q2 by 48.1% in the second quarter. Allworth Financial LP now owns 1,120 shares of the technology company’s stock worth $54,000 after acquiring an additional 364 shares in the last quarter. Eurizon Capital SGR S.p.A. grew its stake in shares of Q2 by 21.1% in the third quarter. Eurizon Capital SGR S.p.A. now owns 2,330 shares of the technology company’s stock worth $129,000 after acquiring an additional 406 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Q2 by 45.2% in the second quarter. Versant Capital Management Inc now owns 1,570 shares of the technology company’s stock worth $76,000 after acquiring an additional 489 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on QTWO shares. UBS Group reiterated a “buy” rating on shares of Q2 in a research report on Thursday, October 29th. Robert W. Baird set a $83.00 price objective on Q2 in a report on Thursday, October 29th. DA Davidson restated a “buy” rating and issued a $82.00 target price on shares of Q2 in a research note on Thursday, July 23rd. Piper Sandler raised their target price on Q2 from $82.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Finally, Wall Street Zen lowered Q2 from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.33.

About Q2

Q2 Holdings, Inc. provides digital banking and financial technology solutions to banks, credit unions and other financial institutions. Its cloud-based platform helps institutions deliver online and mobile banking services to consumers and businesses. The company’s offerings include digital account opening, lending, payments, data and analytics, and tools for managing customer relationships. Q2 also provides technology and services that help financial institutions connect with fintech companies and expand their digital offerings.