Key Points
- Kirk Coleman sold 8,559 shares of Q2 on Dec. 10 at an average of $73.68 for $630,627, trimming his stake by 3.08% to 269,128 shares (≈$19.83M).
- Q2 missed quarterly EPS expectations with $0.23 vs. $0.55 expected, though revenue grew 15.2% year-over-year to $201.7M; sell-side forecasts FY EPS of about $0.67.
- Several analysts cut price targets (many to $90) but the consensus remains Moderate Buy with a $97.40 target, and institutions like Vanguard raised holdings materially (Vanguard up 13.5% to 7.91M shares).
Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) COO Himagiri Mukkamala sold 3,024 shares of the company's stock in a transaction 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 represents a 3.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Q2 Trading Up 1.2%
QTWO stock opened at $75.44 on Friday. Q2 Holdings, Inc. has a 1-year low of $58.57 and a 1-year high of $108.51. The firm has a market cap of $4.72 billion, a PE ratio of 157.19 and a beta of 1.37. The business's 50-day moving average price is $67.34 and its two-hundred day moving average price is $78.24.
Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $197.87 million. During the same quarter last year, the company earned ($0.20) earnings per share. The firm's revenue was up 15.2% compared to the same quarter last year. On average, analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.
Institutional Investors Weigh In On Q2
Several institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. Vanguard Group Inc. grew its holdings in shares of Q2 by 13.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company's stock valued at $572,772,000 after acquiring an additional 941,672 shares in the last quarter. Invesco Ltd. boosted its position in Q2 by 4.8% during the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company's stock valued at $262,390,000 after purchasing an additional 128,387 shares during the last quarter. Wasatch Advisors LP boosted its position in Q2 by 2.9% during the third quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company's stock valued at $156,221,000 after purchasing an additional 60,016 shares during the last quarter. William Blair Investment Management LLC grew its stake in Q2 by 8.9% in the third quarter. William Blair Investment Management LLC now owns 2,141,005 shares of the technology company's stock valued at $154,987,000 after purchasing an additional 175,146 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Q2 by 11.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company's stock worth $147,633,000 after purchasing an additional 213,415 shares during the last quarter.
Wall Street Analysts Forecast Growth
QTWO has been the topic of a number of research reports. UBS Group set a $90.00 price target on shares of Q2 in a research note on Thursday, November 6th. Stifel Nicolaus cut their price objective on shares of Q2 from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, October 15th. Needham & Company LLC reduced their target price on shares of Q2 from $115.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their price target on Q2 from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 24th. Finally, Royal Bank Of Canada reduced their price objective on Q2 from $102.00 to $86.00 and set a "sector perform" rating for the company in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $97.40.
View Our Latest Report on Q2
Q2 Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
