Rockefeller Capital Management L.P. Has $956,000 Holdings in Q2 Holdings, Inc. $QTWO

Rockefeller Capital Management L.P. cut its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 97.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,211 shares of the technology company’s stock after selling 471,087 shares during the period. Rockefeller Capital Management L.P.’s holdings in Q2 were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Mutual of America Capital Management LLC raised its position in Q2 by 0.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company’s stock worth $3,426,000 after purchasing an additional 248 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Q2 in the 1st quarter valued at $216,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Q2 during the first quarter worth $2,864,000. Cetera Investment Advisers lifted its stake in shares of Q2 by 56.1% during the first quarter. Cetera Investment Advisers now owns 4,700 shares of the technology company’s stock valued at $376,000 after acquiring an additional 1,689 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Q2 by 1.4% during the first quarter. LPL Financial LLC now owns 25,933 shares of the technology company’s stock valued at $2,075,000 after acquiring an additional 364 shares during the period.

Analyst Ratings Changes

Several brokerages have weighed in on QTWO. Royal Bank Of Canada dropped their price objective on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a report on Thursday, November 6th. Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Needham & Company LLC cut their price objective on shares of Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Cantor Fitzgerald lowered their target price on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Q2 from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.40.

Insider Buying and Selling at Q2

In related news, General Counsel Michael S. Kerr sold 967 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $82.60, for a total value of $79,874.20. Following the completion of the transaction, the general counsel directly owned 56,228 shares in the company, valued at approximately $4,644,432.80. The trade was a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

Q2 Stock Performance

QTWO opened at $72.67 on Wednesday. The firm’s fifty day moving average is $67.92 and its two-hundred day moving average is $79.50. The firm has a market cap of $4.54 billion, a PE ratio of 151.40 and a beta of 1.48. Q2 Holdings, Inc. has a twelve month low of $58.57 and a twelve month high of $112.82.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The firm had revenue of $201.70 million during the quarter, compared to the consensus estimate of $197.87 million. Q2 had a net margin of 4.12% and a return on equity of 10.92%. Q2’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) EPS. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

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.