Mirae Asset Global Investments Co. Ltd. Grows Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Mirae Asset Global Investments Co. Ltd. raised its position in Q2 Holdings, Inc. (NYSE:QTWO) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,645 shares of the technology company’s stock after buying an additional 2,245 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Q2 were worth $1,157,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of QTWO. Vanguard Group Inc. increased its position in shares of Q2 by 7.5% during the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after acquiring an additional 487,111 shares during the last quarter. North Reef Capital Management LP raised its stake in shares of Q2 by 21.2% during the 3rd quarter. North Reef Capital Management LP now owns 2,070,000 shares of the technology company’s stock worth $66,799,000 after purchasing an additional 362,227 shares during the period. Jennison Associates LLC boosted its holdings in shares of Q2 by 147.4% in the 3rd quarter. Jennison Associates LLC now owns 1,225,286 shares of the technology company’s stock worth $39,540,000 after buying an additional 729,959 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Q2 by 8.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,147,474 shares of the technology company’s stock valued at $37,029,000 after buying an additional 89,674 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Q2 by 11.4% during the third quarter. Federated Hermes Inc. now owns 727,791 shares of the technology company’s stock worth $23,486,000 after buying an additional 74,523 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on QTWO shares. Piper Sandler boosted their target price on shares of Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Robert W. Baird raised their target price on Q2 from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Truist Financial reiterated a “buy” rating and set a $60.00 price target (up previously from $50.00) on shares of Q2 in a research note on Friday. TheStreet upgraded Q2 from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Finally, The Goldman Sachs Group increased their target price on shares of Q2 from $39.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

Q2 Stock Up 3.5 %

Shares of NYSE:QTWO opened at $51.75 on Tuesday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -45.80 and a beta of 1.49. Q2 Holdings, Inc. has a one year low of $21.21 and a one year high of $53.96. The firm has a fifty day moving average price of $48.85 and a two-hundred day moving average price of $41.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 2.23.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. The business had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.31 million. Analysts anticipate that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Q2 news, President Kirk L. Coleman sold 2,904 shares of Q2 stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $46.01, for a total transaction of $133,613.04. Following the completion of the sale, the president now directly owns 253,015 shares in the company, valued at $11,641,220.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director R. H. Seale sold 689 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $48.75, for a total transaction of $33,588.75. Following the transaction, the director now directly owns 420,769 shares in the company, valued at approximately $20,512,488.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Kirk L. Coleman sold 2,904 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $46.01, for a total value of $133,613.04. Following the completion of the sale, the president now owns 253,015 shares of the company’s stock, valued at approximately $11,641,220.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 337,639 shares of company stock worth $14,994,784. Insiders own 3.60% of the company’s stock.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.