Key Points
- Q2 CFO Jonathan Price sold 77,180 shares at an average price of $65.71, generating approximately $5.07 million. The transaction reduced his direct holdings by 27.1% to 207,633 shares.
- Q2 reported quarterly earnings of $0.70 per share, exceeding estimates by $0.02, while revenue rose 12.6% year over year to $219.77 million.
- Analysts maintain a generally positive outlook, with Q2 carrying a “Moderate Buy” consensus rating and an average price target of $74, compared with a recent opening price of $64.65.
Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CFO Jonathan Price sold 77,180 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was 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 in the company, valued at $13,643,564.43. The trade was a 27.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Q2 Stock Performance
Shares of QTWO opened at $64.65 on Friday. The stock 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 fifty-two week low of $40.79 and a fifty-two week high of $85.19. The firm's 50-day simple moving average is $52.96 and its two-hundred day simple moving average is $51.26.
Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The business had revenue of $219.77 million during the quarter, compared to the consensus estimate of $216.86 million. During the same quarter last year, the firm earned $0.18 earnings per share. The business's revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts predict that Q2 Holdings, Inc. will post 1.84 EPS for the current year.
Institutional Trading of Q2
Large investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Q2 during the first quarter valued at $25,000. Headlands Technologies LLC purchased a new position in Q2 in the second quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Q2 during the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Q2 during the 4th quarter valued at about $27,000. Finally, Optiver Holding B.V. increased its position in shares of Q2 by 1,578.9% during the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company's stock valued at $30,000 after purchasing an additional 600 shares during the last quarter.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Weiss Ratings upgraded Q2 from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, July 31st. Wall Street Zen raised Q2 from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. UBS Group set a $68.00 target price on Q2 in a research note on Friday, July 31st. Robert W. Baird set a $74.00 price target on shares of Q2 in a research note on Thursday, April 30th. Finally, Zacks Research upgraded shares of Q2 from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $74.00.
Check Out Our Latest 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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