Key Points
- Q2 Holdings General Counsel Michael Kerr sold 397 shares on May 14 at an average price of $44.98, totaling about $17,857. The sale reduced his ownership by just 0.49% and was filed with the SEC.
- The transaction was made to cover tax withholding obligations tied to vesting equity awards, not as a broad exit from the stock. After the sale, Kerr still owned 81,375 shares valued at about $3.66 million.
- Q2’s stock was up 0.8% in the session, even though the company recently reported quarterly earnings that missed EPS expectations while revenue came in slightly ahead of estimates. Analysts remain generally positive, with a consensus rating of Moderate Buy.
Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) General Counsel Michael Kerr sold 397 shares of the company's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $44.98, for a total value of $17,857.06. Following the completion of the sale, the general counsel owned 81,375 shares of the company's stock, valued at approximately $3,660,247.50. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Q2 Trading Up 0.8%
NYSE QTWO opened at $45.06 on Friday. The stock has a market cap of $2.82 billion, a PE ratio of 40.23 and a beta of 1.39. Q2 Holdings, Inc. has a twelve month low of $44.46 and a twelve month high of $96.68. The stock has a fifty day simple moving average of $49.04 and a 200-day simple moving average of $59.90.
Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.08). The business had revenue of $216.51 million for the quarter, compared to analysts' expectations of $214.40 million. Q2 had a return on equity of 14.68% and a net margin of 8.99%.The business's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. Research analysts predict that Q2 Holdings, Inc. will post 1.57 EPS for the current year.
Hedge Funds Weigh In On Q2
Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Q2 during the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new position in Q2 during the 2nd quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Q2 during the 3rd quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new position in Q2 during the 3rd quarter worth about $27,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Q2 during the 4th quarter worth about $27,000.
Wall Street Analysts Forecast Growth
QTWO has been the subject of a number of research analyst reports. Robert W. Baird set a $74.00 price target on Q2 in a report on Thursday, April 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Q2 in a report on Tuesday, April 21st. Stifel Nicolaus set a $70.00 price target on Q2 in a report on Thursday, April 30th. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price target on shares of Q2 in a report on Thursday, April 30th. Finally, Cantor Fitzgerald lowered their price target on Q2 from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 12th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and an average target price of $75.27.
Check Out Our Latest Stock Analysis on Q2
About Q2
(
Get Free Report)
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.
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