Capital Research Global Investors Acquires 1,454,076 Shares of Q2 Holdings, Inc. $QTWO

Capital Research Global Investors grew its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 86.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,141,044 shares of the technology company’s stock after purchasing an additional 1,454,076 shares during the period. Capital Research Global Investors owned approximately 0.05% of Q2 worth $226,658,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System grew its position in shares of Q2 by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after purchasing an additional 194 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Q2 by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,300 shares of the technology company’s stock valued at $1,032,000 after purchasing an additional 200 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after purchasing an additional 220 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Q2 during the 2nd quarter valued at $26,000. Finally, Mackenzie Financial Corp grew its position in shares of Q2 by 6.4% during the 3rd quarter. Mackenzie Financial Corp now owns 4,630 shares of the technology company’s stock valued at $335,000 after purchasing an additional 280 shares in the last quarter.

Insider Transactions at Q2

In related news, insider Kimberly Anne Rutledge sold 3,187 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.37, for a total value of $160,529.19. Following the completion of the transaction, the insider directly owned 80,551 shares in the company, valued at approximately $4,057,353.87. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Zacks Research lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Royal Bank Of Canada reduced their price target on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, February 12th. Truist Financial reduced their price target on shares of Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Wall Street Zen lowered shares of Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, UBS Group set a $77.00 price target on shares of Q2 in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.27.

Q2 Stock Performance

Shares of NYSE:QTWO opened at $45.73 on Monday. Q2 Holdings, Inc. has a 52-week low of $44.46 and a 52-week high of $96.68. The firm has a fifty day moving average of $48.09 and a 200 day moving average of $57.63. The firm has a market capitalization of $2.86 billion, a PE ratio of 40.83 and a beta of 1.34.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $214.40 million. During the same quarter last year, the firm posted $0.07 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast that Q2 Holdings, Inc. will post 1.57 EPS for the current fiscal year.

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.