North Reef Capital Management LP Reduces Stake in Q2 Holdings, Inc. $QTWO

North Reef Capital Management LP cut its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 48.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 620,814 shares of the technology company’s stock after selling 594,186 shares during the quarter. Q2 accounts for 1.0% of North Reef Capital Management LP’s investment portfolio, making the stock its 23rd biggest holding. North Reef Capital Management LP’s holdings in Q2 were worth $29,365,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Q2 in the first quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of Q2 during the 2nd quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Q2 during the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Q2 in the 4th quarter worth about $27,000. Finally, Quarry LP boosted its position in shares of Q2 by 92.5% in the 3rd quarter. Quarry LP now owns 697 shares of the technology company’s stock worth $50,000 after buying an additional 335 shares in the last quarter.

Analyst Ratings Changes

QTWO has been the subject of several recent research reports. UBS Group set a $77.00 target price on shares of Q2 in a report on Thursday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of Q2 in a report on Thursday, April 30th. Wall Street Zen lowered shares of Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research note on Friday, July 17th. Finally, Morgan Stanley set a $63.00 price objective on shares of Q2 in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Q2 has an average rating of “Moderate Buy” and a consensus price target of $73.45.

Q2 Stock Up 3.3%

Shares of NYSE:QTWO opened at $54.60 on Friday. Q2 Holdings, Inc. has a 52-week low of $40.79 and a 52-week high of $92.66. The stock’s fifty day simple moving average is $48.28 and its 200-day simple moving average is $51.88. The company has a market capitalization of $3.42 billion, a P/E ratio of 48.75 and a beta of 1.33.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Q2 had a return on equity of 14.68% and a net margin of 8.99%.The company had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $214.40 million. During the same quarter in the prior year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Q2 Holdings, Inc. will post 1.64 earnings per share for the current year.

Q2 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.