Q2 Holdings, Inc. (NYSE:QTWO) Director Jeffrey T. Diehl Sells 34,434 Shares

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) Director Jeffrey T. Diehl sold 34,434 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $61.63, for a total value of $2,122,167.42. Following the sale, the director now owns 672,818 shares of the company’s stock, valued at $41,465,773.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Q2 Price Performance

Shares of QTWO opened at $61.03 on Tuesday. The business has a 50-day moving average of $57.40 and a 200-day moving average of $48.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of -45.21 and a beta of 1.53. Q2 Holdings, Inc. has a 1 year low of $27.17 and a 1 year high of $64.17.

Q2 (NYSE:QTWOGet Free Report) last released its earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $165.51 million during the quarter, compared to the consensus estimate of $163.58 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. As a group, equities research analysts anticipate that Q2 Holdings, Inc. will post -0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on QTWO. Canaccord Genuity Group increased their target price on shares of Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. DA Davidson increased their price objective on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Piper Sandler boosted their target price on shares of Q2 from $47.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Stifel Nicolaus increased their price target on Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird raised their price objective on Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and an average price target of $55.33.

Check Out Our Latest Stock Analysis on QTWO

Hedge Funds Weigh In On Q2

A number of hedge funds have recently bought and sold shares of QTWO. Principal Financial Group Inc. grew its holdings in Q2 by 34.8% during the 3rd quarter. Principal Financial Group Inc. now owns 23,663 shares of the technology company’s stock worth $764,000 after acquiring an additional 6,110 shares during the period. Swiss National Bank grew its stake in Q2 by 1.8% during the third quarter. Swiss National Bank now owns 127,900 shares of the technology company’s stock worth $4,127,000 after purchasing an additional 2,200 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Q2 by 17.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,042 shares of the technology company’s stock worth $16,330,000 after purchasing an additional 74,083 shares in the last quarter. Pathstone Family Office LLC bought a new stake in Q2 in the third quarter worth approximately $388,000. Finally, Mutual of America Capital Management LLC lifted its stake in Q2 by 3.1% in the third quarter. Mutual of America Capital Management LLC now owns 50,694 shares of the technology company’s stock valued at $1,636,000 after buying an additional 1,532 shares during the period.

Q2 Company Profile

(Get Free Report)

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.

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