Entropy Technologies LP Increases Stock Position in Q2 Holdings, Inc. $QTWO

Entropy Technologies LP increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 864.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,902 shares of the technology company’s stock after buying an additional 24,114 shares during the period. Entropy Technologies LP’s holdings in Q2 were worth $1,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QTWO. Vanguard Group Inc. grew its stake in shares of Q2 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after acquiring an additional 82,827 shares in the last quarter. Capital Research Global Investors boosted its holdings in Q2 by 86.2% in the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock valued at $226,658,000 after purchasing an additional 1,454,076 shares during the last quarter. William Blair Investment Management LLC grew its stake in Q2 by 25.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after purchasing an additional 553,713 shares in the last quarter. Wasatch Advisors LP grew its stake in Q2 by 2.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock valued at $156,221,000 after purchasing an additional 60,016 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Q2 by 119.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock worth $57,253,000 after purchasing an additional 657,707 shares during the last quarter.

Q2 Stock Up 6.3%

NYSE:QTWO opened at $58.07 on Tuesday. The business’s 50 day moving average is $48.51 and its two-hundred day moving average is $51.66. Q2 Holdings, Inc. has a 52 week low of $40.79 and a 52 week high of $92.66. The company has a market cap of $3.63 billion, a PE ratio of 51.85 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

QTWO has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price on shares of Q2 in a research note on Thursday, April 30th. Morgan Stanley set a $63.00 price target on shares of Q2 in a research note on Thursday, April 30th. DA Davidson reaffirmed a “buy” rating and issued a $82.00 price target on shares of Q2 in a report on Thursday, July 23rd. Stifel Nicolaus set a $70.00 price objective on shares of Q2 in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.45.

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.