TimesSquare Capital Management LLC lessened its holdings in Q2 Holdings, Inc. (NYSE:QTWO – Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 368,010 shares of the technology company’s stock after selling 17,109 shares during the period. TimesSquare Capital Management LLC owned approximately 0.59% of Q2 worth $26,556,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Q2 in the 2nd quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Q2 in the 3rd quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Q2 in the 3rd quarter valued at $27,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Q2 by 592.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after purchasing an additional 539 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Q2 by 92.5% in the 3rd quarter. Quarry LP now owns 697 shares of the technology company’s stock valued at $50,000 after purchasing an additional 335 shares during the last quarter.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on QTWO. DA Davidson reaffirmed a “buy” rating and issued a $82.00 price target on shares of Q2 in a research note on Monday, May 4th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Q2 in a report on Thursday, April 30th. Zacks Research downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Morgan Stanley set a $63.00 price objective on Q2 in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $70.00 price objective on Q2 in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Q2 currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.27.
Insider Activity at Q2
In other news, CEO Matthew P. Flake sold 20,613 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $51.35, for a total transaction of $1,058,477.55. Following the completion of the transaction, the chief executive officer directly owned 483,202 shares of the company’s stock, valued at approximately $24,812,422.70. This represents a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Michael S. Kerr sold 2,821 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $144,858.35. Following the transaction, the general counsel directly owned 47,227 shares of the company’s stock, valued at approximately $2,425,106.45. This represents a 5.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 411,484 shares of company stock worth $20,720,329 over the last quarter. 0.88% of the stock is currently owned by insiders.
Q2 Price Performance
Shares of NYSE QTWO opened at $46.85 on Tuesday. The stock’s 50-day moving average is $48.84 and its two-hundred day moving average is $59.68. Q2 Holdings, Inc. has a 1-year low of $44.46 and a 1-year high of $96.68. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 41.83 and a beta of 1.39.
Q2 (NYSE:QTWO – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share 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 for the quarter, compared to analysts’ expectations of $214.40 million. During the same quarter last year, the company earned $0.07 EPS. Q2’s revenue for the quarter was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that Q2 Holdings, Inc. will post 1.57 earnings per share for the current fiscal 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.
Further Reading
- Five stocks we like better than Q2
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.
