Key Points
- Q2 insider Kimberly Anne Rutledge sold 10,000 shares at an average price of $63.07, generating $630,700. The transaction, conducted under a Rule 10b5-1 plan, reduced her holdings by 8.07% to 113,913 shares.
- Q2’s latest quarterly results exceeded expectations, with earnings of $0.70 per share and revenue of $219.77 million, up 12.6% year over year.
- Analysts remain generally optimistic, with Q2 carrying a “Moderate Buy” consensus rating and a $74 average price target; several firms recently raised their targets to $75.
Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) insider Kimberly Anne Rutledge sold 10,000 shares of Q2 stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.07, for a total transaction of $630,700.00. Following the sale, the insider directly owned 113,913 shares of the company's stock, valued at $7,184,492.91. The trade was a 8.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Q2 Stock Down 1.5%
Q2 stock opened at $62.40 on Thursday. The stock has a market cap of $3.89 billion, a P/E ratio of 44.57 and a beta of 1.30. Q2 Holdings, Inc. has a twelve month low of $40.79 and a twelve month high of $85.19. The company's 50-day moving average price is $52.16 and its two-hundred day moving average price is $51.18.
Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Q2 had a return on equity of 17.04% and a net margin of 10.87%.The company had revenue of $219.77 million during the quarter, compared to analysts' expectations of $216.86 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business's revenue was up 12.6% on a year-over-year basis. Equities analysts anticipate that Q2 Holdings, Inc. will post 1.84 earnings per share for the current fiscal year.
Institutional Trading of Q2
Several large investors have recently modified their holdings of QTWO. Capital Research Global Investors raised its stake in Q2 by 86.2% in the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company's stock valued at $226,658,000 after purchasing an additional 1,454,076 shares in the last quarter. UBS Group AG lifted its position in Q2 by 343.5% during the third quarter. UBS Group AG now owns 1,009,946 shares of the technology company's stock worth $73,110,000 after purchasing an additional 782,220 shares during the period. Assenagon Asset Management S.A. grew its stake in Q2 by 119.0% during the first quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company's stock worth $57,253,000 after buying an additional 657,707 shares in the last quarter. Norges Bank acquired a new stake in Q2 during the fourth quarter worth about $44,960,000. Finally, William Blair Investment Management LLC increased its holdings in Q2 by 25.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company's stock valued at $194,451,000 after buying an additional 553,713 shares during the period.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on QTWO shares. Stifel Nicolaus boosted their target price on shares of Q2 from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Needham & Company LLC lifted their price objective on shares of Q2 from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Wall Street Zen raised shares of Q2 from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Zacks Research upgraded shares of Q2 from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $74.00 target price on shares of Q2 in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Q2 currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.00.
Read Our Latest Stock Report on QTWO
Q2 Company Profile
(
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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