Q2 (NYSE:QTWO) announced its quarterly earnings results on Tuesday. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04, Bloomberg Earnings reports. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The company had revenue of $51.70 million during the quarter, compared to analyst estimates of $51.70 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis.
Shares of Q2 (NYSE:QTWO) opened at $43.75 on Thursday. Q2 has a 52-week low of $31.40 and a 52-week high of $44.70.
In other news, insider William M. Furrer sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $37.69, for a total transaction of $301,520.00. Following the sale, the insider now directly owns 43,614 shares of the company’s stock, valued at $1,643,811.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John E. Breeden sold 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $43.14, for a total value of $431,400.00. Following the sale, the executive vice president now directly owns 64,694 shares in the company, valued at $2,790,899.16. The disclosure for this sale can be found here. Insiders have sold 120,011 shares of company stock worth $4,697,005 over the last ninety days. 24.50% of the stock is owned by insiders.
Q2 Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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