TimesSquare Capital Management LLC Grows Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

TimesSquare Capital Management LLC grew its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 375,700 shares of the technology company’s stock after acquiring an additional 31,175 shares during the period. TimesSquare Capital Management LLC owned about 0.62% of Q2 worth $37,814,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QTWO. CWM LLC boosted its holdings in shares of Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after acquiring an additional 961 shares during the last quarter. Creative Planning boosted its holdings in shares of Q2 by 62.5% in the 3rd quarter. Creative Planning now owns 19,834 shares of the technology company’s stock valued at $1,582,000 after acquiring an additional 7,631 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Q2 by 17.9% in the 3rd quarter. Raymond James & Associates now owns 128,654 shares of the technology company’s stock valued at $10,263,000 after acquiring an additional 19,495 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in shares of Q2 by 41.6% in the 3rd quarter. Dakota Wealth Management now owns 5,532 shares of the technology company’s stock valued at $441,000 after acquiring an additional 1,626 shares during the last quarter.

Q2 Price Performance

NYSE:QTWO opened at $93.74 on Wednesday. The company’s 50-day moving average price is $97.97 and its 200-day moving average price is $88.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a twelve month low of $41.23 and a twelve month high of $112.82.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, research analysts expect that Q2 Holdings, Inc. will post 0.43 earnings per share for the current year.

Insiders Place Their Bets

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the transaction, the president now directly owns 337,643 shares of the company’s stock, valued at $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Offerdahl sold 548 shares of Q2 stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, the director now directly owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock valued at $3,061,035 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on QTWO. The Goldman Sachs Group upped their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Piper Sandler raised their price target on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson raised their price target on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC raised their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus raised their price target on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.13.

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.