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 company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Q2 Stock Down 0.6 %

Shares of NYSE:QTWO traded down $0.53 during mid-day trading on Tuesday, hitting $85.24. 564,382 shares of the company traded hands, compared to its average volume of 692,066. The firm’s 50 day simple moving average is $96.40 and its 200 day simple moving average is $89.55. The firm has a market cap of $5.18 billion, a P/E ratio of -131.14 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 Holdings, Inc. has a 52-week low of $44.74 and a 52-week high of $112.82.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Morgan Stanley upped their price objective on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Raymond James raised their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Finally, Stephens reiterated an “overweight” rating and issued a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Q2 has an average rating of “Moderate Buy” and a consensus price target of $105.27.

Hedge Funds Weigh In On Q2

A number of institutional investors have recently added to or reduced their stakes in QTWO. Proficio Capital Partners LLC acquired a new stake in shares of Q2 during the fourth quarter valued at about $29,000. Quarry LP boosted its holdings in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Q2 during the 4th quarter valued at approximately $30,000. TCTC Holdings LLC purchased a new stake in Q2 during the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 in the 4th quarter valued at approximately $32,000.

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.