Michael A. Volanoski Sells 15,005 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) CRO Michael A. Volanoski sold 15,005 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the completion of the sale, the executive now directly owns 197,966 shares of the company’s stock, valued at $14,673,239.92. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Q2 Price Performance

Shares of Q2 stock opened at $75.89 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62. The firm has a fifty day moving average price of $89.81 and a two-hundred day moving average price of $90.04. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82.

Q2 (NYSE:QTWO) last released 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%. Analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Institutional Investors Weigh In On Q2

Institutional investors and hedge funds have recently made changes to their positions in the company. Highland Capital Management LLC raised its stake in shares of Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after acquiring an additional 172 shares during the last quarter. Arizona State Retirement System raised its position in Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after purchasing an additional 190 shares during the last quarter. Summit Investment Advisors Inc. boosted 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 holdings in shares of Q2 by 2.7% during 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 during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after buying an additional 275 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Q2 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. Truist Financial reiterated a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research note on Wednesday, December 18th. Finally, Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Q2 presently has an average rating of “Moderate Buy” and an average target price of $105.27.

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.