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

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

Q2 Price Performance

QTWO stock opened at $85.24 on Wednesday. The firm has a 50 day moving average price of $96.40 and a 200-day moving average price of $89.55. Q2 Holdings, Inc. has a 52-week low of $44.74 and a 52-week high of $112.82. The firm has a market capitalization of $5.18 billion, a price-to-earnings 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 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Q2

Institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC bought a new stake in Q2 in the 4th quarter worth approximately $202,645,000. Massachusetts Financial Services Co. MA grew its position in shares of Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock valued at $135,449,000 after acquiring an additional 698,464 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Q2 by 732.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock valued at $75,025,000 after acquiring an additional 655,838 shares during the period. Ameriprise Financial Inc. grew its position in shares of Q2 by 105.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock valued at $101,937,000 after acquiring an additional 520,649 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Q2 by 893.5% during the 4th quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock valued at $47,459,000 after acquiring an additional 424,062 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup increased 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. Stifel Nicolaus raised their price objective on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Piper Sandler raised their price objective on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.