Q2 (NYSE:QTWO) CFO Sells 77,180 Shares

Key Points

• Q2 CFO Jonathan Price sold 77,180 shares at an average price of $65.71, generating approximately $5.07 million and reducing his direct ownership by 27.1% to 207,633 shares.
• Q2 shares fell 2.4% to $64.65 in Friday trading. The company recently exceeded quarterly expectations, reporting $0.70 in EPS and $219.77 million in revenue, with year-over-year revenue growth of 12.6%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $74 price target; several firms recently raised their targets to $75.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CFO Jonathan Price sold 77,180 shares of Q2 stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $65.71, for a total value of $5,071,497.80. Following the sale, the chief financial officer directly owned 207,633 shares of the company's stock, valued at approximately $13,643,564.43. This trade represents a 27.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Q2 Trading Down 2.4%

Shares of QTWO traded down $1.57 during midday trading on Friday, reaching $64.65. 604,343 shares of the stock were exchanged, compared to its average volume of 1,021,290. Q2 Holdings, Inc. has a 52 week low of $40.79 and a 52 week high of $85.19. The company's 50 day moving average is $52.96 and its two-hundred day moving average is $51.26. The company has a market capitalization of $4.03 billion, a P/E ratio of 46.18 and a beta of 1.30.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Q2 had a return on equity of 17.04% and a net margin of 10.87%.The firm had revenue of $219.77 million for the quarter, compared to analyst estimates of $216.86 million. During the same quarter last year, the firm posted $0.18 earnings per share. The business's revenue for the quarter was up 12.6% on a year-over-year basis. On average, sell-side analysts expect that Q2 Holdings, Inc. will post 1.84 EPS for the current year.

Institutional Investors Weigh In On Q2

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its stake in shares of Q2 by 35.0% during the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company's stock worth $68,000 after acquiring an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Q2 by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company's stock worth $2,803,000 after purchasing an additional 1,525 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Q2 by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company's stock worth $43,023,000 after purchasing an additional 95,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Q2 by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company's stock worth $14,907,000 after purchasing an additional 6,909 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Q2 by 592.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company's stock worth $59,000 after purchasing an additional 539 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on QTWO. Weiss Ratings raised shares of Q2 from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 31st. Stifel Nicolaus raised their price target on shares of Q2 from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, July 30th. UBS Group set a $68.00 price objective on shares of Q2 in a research report on Friday, July 31st. Zacks Research upgraded shares of Q2 from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Finally, Needham & Company LLC increased their target price on shares of Q2 from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.00.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company's core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2's platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.

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