Jonathan Price Sells 42,652 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) CFO Jonathan Price sold 42,652 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the completion of the transaction, the chief financial officer now owns 209,378 shares in the company, valued at $15,571,441.86. This represents a 16.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Q2 Stock Performance

Shares of QTWO stock opened at $75.89 on Friday. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82. The stock has a market cap of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average price is $89.81 and its 200-day moving average price is $90.04.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 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 expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

QTWO has been the topic of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a report on Wednesday, December 18th. Citigroup raised their target price on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Needham & Company LLC lifted their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus lifted their price target on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Q2 currently has a consensus rating of “Moderate Buy” and an average price target of $105.27.

Hedge Funds Weigh In On Q2

Several large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in shares of Q2 in the 4th quarter worth about $191,000. Invst LLC purchased a new position in shares of Q2 in the 4th quarter worth about $415,000. Public Employees Retirement System of Ohio purchased a new position in shares of Q2 in the 4th quarter worth about $140,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Q2 by 66.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,409 shares of the technology company’s stock worth $18,058,000 after purchasing an additional 71,440 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of Q2 in the 4th quarter worth about $530,000.

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.