Matthew P. Flake Sells 10,000 Shares of Q2 Holdings Inc (NYSE:QTWO) Stock

Q2 Holdings Inc (NYSE:QTWO) CEO Matthew P. Flake sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $91.82, for a total value of $918,200.00. Following the completion of the sale, the chief executive officer now directly owns 279,541 shares of the company’s stock, valued at $25,667,454.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Q2 stock traded up $2.51 during mid-day trading on Thursday, hitting $93.77. 310,172 shares of the company were exchanged, compared to its average volume of 504,761. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.88 and a quick ratio of 3.88. The business’s 50 day simple moving average is $93.51 and its two-hundred day simple moving average is $82.44. The company has a market capitalization of $4.88 billion, a P/E ratio of -42.94 and a beta of 1.57. Q2 Holdings Inc has a 12-month low of $47.17 and a 12-month high of $106.44.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, August 5th. The technology company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.36. Q2 had a negative return on equity of 5.59% and a negative net margin of 30.10%. The firm had revenue of $97.58 million during the quarter, compared to analyst estimates of $94.76 million. Equities research analysts predict that Q2 Holdings Inc will post -0.82 earnings per share for the current year.

QTWO has been the subject of several recent analyst reports. Citigroup raised their price target on Q2 from $97.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. KeyCorp raised their price target on Q2 from $90.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 7th. BTIG Research downgraded Q2 from a “buy” rating to a “neutral” rating in a research note on Monday, August 10th. Wells Fargo & Company raised their price objective on Q2 from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley downgraded Q2 from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $73.00 to $95.00 in a research note on Monday, August 10th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Q2 presently has a consensus rating of “Buy” and an average price target of $102.53.

Several hedge funds have recently made changes to their positions in the company. First Bank & Trust lifted its holdings in shares of Q2 by 7.4% during the 2nd quarter. First Bank & Trust now owns 1,924 shares of the technology company’s stock worth $165,000 after acquiring an additional 133 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Q2 by 23.4% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 923 shares of the technology company’s stock worth $79,000 after purchasing an additional 175 shares in the last quarter. Blair William & Co. IL increased its position in Q2 by 3.1% during the 2nd quarter. Blair William & Co. IL now owns 6,550 shares of the technology company’s stock worth $562,000 after purchasing an additional 200 shares in the last quarter. Prudential Financial Inc. increased its position in Q2 by 13.1% during the 2nd quarter. Prudential Financial Inc. now owns 3,921 shares of the technology company’s stock worth $336,000 after purchasing an additional 455 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Q2 during the 2nd quarter worth approximately $40,000.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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