Kirk Coleman Sells 8,559 Shares of Q2 (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kirk Coleman sold 8,559 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total transaction of $630,627.12. Following the sale, the insider owned 269,128 shares of the company’s stock, valued at approximately $19,829,351.04. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Q2 Trading Down 0.2%

NYSE:QTWO opened at $75.30 on Friday. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 156.88 and a beta of 1.37. The firm’s fifty day simple moving average is $67.50 and its 200 day simple moving average is $78.16. Q2 Holdings, Inc. has a twelve month low of $58.57 and a twelve month high of $108.51.

Q2 (NYSE:QTWO) 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). The company had revenue of $201.70 million during the quarter, compared to analyst estimates of $197.87 million. Q2 had a net margin of 4.12% and a return on equity of 10.92%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.20) earnings per share. On average, analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in Q2 in the second quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new position in Q2 during the 3rd quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Q2 in the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC bought a new stake in shares of Q2 in the 3rd quarter valued at approximately $30,000. Finally, WPG Advisers LLC acquired a new stake in shares of Q2 during the 1st quarter valued at approximately $35,000.

Wall Street Analyst Weigh In

QTWO has been the subject of a number of analyst reports. Wall Street Zen upgraded Q2 from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group set a $90.00 target price on shares of Q2 in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Wednesday, October 8th. Needham & Company LLC cut their price objective on shares of Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Stifel Nicolaus lowered their target price on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.40.

Q2 Company Profile

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.