Q2 (NYSE:QTWO) Insider Kimberly Anne Rutledge Sells 10,000 Shares

Key Points

• Q2 insider Kimberly Anne Rutledge sold 10,000 shares at an average price of $63.07, generating $630,700. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced her position by 8.07%.
• Q2 reported quarterly earnings of $0.70 per share, beating estimates by $0.02, while revenue rose 12.6% year over year to $219.77 million.
• Shares recently traded at $62.40, down 1.5%; analysts maintain a Moderate Buy consensus rating with an average price target of $74.00.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) insider Kimberly Anne Rutledge sold 10,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.07, for a total transaction of $630,700.00. Following the sale, the insider owned 113,913 shares of the company's stock, valued at $7,184,492.91. This trade represents a 8.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Q2 Trading Down 1.5%

QTWO stock traded down $0.96 during trading on Wednesday, hitting $62.40. 885,256 shares of the stock traded hands, compared to its average volume of 922,002. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 44.57 and a beta of 1.30. Q2 Holdings, Inc. has a one year low of $40.79 and a one year high of $85.19. The company has a 50 day simple moving average of $51.82 and a 200 day simple moving average of $51.23.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The firm had revenue of $219.77 million for the quarter, compared to analysts' expectations of $216.86 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The company's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, analysts predict that Q2 Holdings, Inc. will post 1.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Q2

Institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC bought a new position in Q2 in the first quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Q2 in the 2nd quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Q2 in the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Q2 in the 4th quarter worth $27,000. Finally, Optiver Holding B.V. boosted its position in shares of Q2 by 1,578.9% in the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company's stock worth $30,000 after purchasing an additional 600 shares during the last quarter.

Wall Street Analyst Weigh In

QTWO has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Q2 from $63.00 to $68.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. DA Davidson reiterated a "buy" rating and set a $82.00 price target on shares of Q2 in a research report on Thursday, July 23rd. UBS Group set a $68.00 price objective on shares of Q2 in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Q2 from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 31st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.00.

Q2 Company Profile

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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