James Offerdahl Sells 1,000 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Q2 Stock Down 0.6 %

Shares of QTWO stock opened at $85.24 on Wednesday. The stock has a market cap of $5.18 billion, a P/E ratio of -131.14 and a beta of 1.61. Q2 Holdings, Inc. has a 52 week low of $44.74 and a 52 week high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $96.40 and its two-hundred day simple moving average is $89.55.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Institutional Trading of Q2

A number of large investors have recently made changes to their positions in the business. Conestoga Capital Advisors LLC increased its holdings in shares of Q2 by 1.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after buying an additional 34,300 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Q2 in the 4th quarter worth about $202,645,000. State Street Corp increased its holdings in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after buying an additional 5,000 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Q2 by 11.2% in the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after buying an additional 152,872 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after buying an additional 36,025 shares during the last quarter.

Analysts Set New Price Targets

QTWO has been the topic of a number of analyst reports. Raymond James lifted their target price on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Stephens restated an “overweight” rating and set a $115.00 target price on shares of Q2 in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their target price on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Piper Sandler lifted their target price on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $105.27.

About Q2

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.