Michael Volanoski Sells 4,177 Shares of Q2 (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael Volanoski sold 4,177 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total transaction of $307,761.36. Following the transaction, the executive owned 171,635 shares of the company’s stock, valued at $12,646,066.80. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Q2 Stock Down 0.2%

Shares of Q2 stock traded down $0.19 during trading hours on Friday, reaching $75.30. 627,794 shares of the company’s stock were exchanged, compared to its average volume of 862,356. Q2 Holdings, Inc. has a 1 year low of $58.57 and a 1 year high of $108.51. The company has a market capitalization of $4.71 billion, a P/E ratio of 156.88 and a beta of 1.37. The business has a fifty day moving average of $67.34 and a two-hundred day moving average of $78.24.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). Q2 had a net margin of 4.12% and a return on equity of 10.92%. The firm had revenue of $201.70 million for the quarter, compared to analyst estimates of $197.87 million. During the same period in the previous year, the firm posted ($0.20) EPS. The company’s revenue was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

QTWO has been the subject of several analyst reports. Royal Bank Of Canada lowered their target price on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. Stifel Nicolaus decreased their target price on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Wall Street Zen upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Q2 from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $97.40.

Hedge Funds Weigh In On Q2

Several large investors have recently added to or reduced their stakes in QTWO. Vanguard Group Inc. boosted its holdings in shares of Q2 by 13.5% during the third quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock valued at $572,772,000 after acquiring an additional 941,672 shares during the period. North Reef Capital Management LP boosted its position in shares of Q2 by 101.1% during the 3rd quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock valued at $122,339,000 after purchasing an additional 849,480 shares in the last quarter. UBS Group AG grew its position in Q2 by 343.5% in the third quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock worth $73,110,000 after buying an additional 782,220 shares during the last quarter. Nuveen LLC acquired a new position in shares of Q2 in the 1st quarter worth $51,960,000. Finally, Norges Bank acquired a new stake in Q2 during the 2nd quarter worth about $60,466,000.

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.