Kimberly Anne Rutledge Sells 6,656 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) insider Kimberly Anne Rutledge sold 6,656 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the transaction, the insider now directly owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Q2 Trading Up 3.9 %

Shares of NYSE QTWO opened at $75.89 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50 day moving average price is $89.81 and its 200-day moving average price is $90.04. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on QTWO. Stifel Nicolaus upped their price objective on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Truist Financial reissued a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a research note on Wednesday, December 18th. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Finally, Needham & Company LLC increased their price target on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Highland Capital Management LLC grew its stake in Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after purchasing an additional 172 shares in the last quarter. Arizona State Retirement System grew its stake in Q2 by 1.1% in the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock worth $1,761,000 after purchasing an additional 190 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Q2 by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company’s stock worth $620,000 after purchasing an additional 195 shares in the last quarter. Moran Wealth Management LLC grew its stake in Q2 by 2.7% in the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock worth $817,000 after purchasing an additional 215 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after purchasing an additional 275 shares in the last quarter.

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.