Victory Capital Management Inc. Has $19.61 Million Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Victory Capital Management Inc. raised its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 855.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,647 shares of the technology company’s stock after purchasing an additional 404,372 shares during the period. Victory Capital Management Inc. owned 0.77% of Q2 worth $19,606,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MCF Advisors LLC raised its position in Q2 by 156.5% during the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after acquiring an additional 374 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Q2 by 2,582.4% in the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after purchasing an additional 878 shares during the last quarter. RiverPark Advisors LLC boosted its position in Q2 by 261.0% during the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock worth $58,000 after purchasing an additional 963 shares during the period. Criterion Capital Advisors LLC acquired a new position in Q2 during the fourth quarter valued at approximately $152,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Q2 in the third quarter worth $268,000.

Insider Buying and Selling at Q2

In other news, CEO Matthew P. Flake sold 29,149 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $46.01, for a total transaction of $1,341,145.49. Following the completion of the sale, the chief executive officer now owns 444,262 shares in the company, valued at $20,440,494.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CRO Michael A. Volanoski sold 2,369 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.10, for a total value of $118,686.90. Following the transaction, the executive now directly owns 174,024 shares in the company, valued at $8,718,602.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew P. Flake sold 29,149 shares of Q2 stock in a transaction on Monday, March 4th. The stock was sold at an average price of $46.01, for a total transaction of $1,341,145.49. Following the sale, the chief executive officer now directly owns 444,262 shares of the company’s stock, valued at approximately $20,440,494.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 166,935 shares of company stock worth $7,836,175. Insiders own 3.60% of the company’s stock.

Q2 Stock Up 0.9 %

Shares of NYSE:QTWO opened at $62.87 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06. The firm has a market cap of $3.78 billion, a P/E ratio of -46.57 and a beta of 1.47. Q2 Holdings, Inc. has a 12 month low of $24.10 and a 12 month high of $63.28. The company’s 50-day moving average price is $52.07 and its two-hundred day moving average price is $43.97.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $162.12 million for the quarter, compared to analyst estimates of $161.31 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. As a group, research analysts forecast that Q2 Holdings, Inc. will post -0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

QTWO has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on shares of Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Robert W. Baird boosted their target price on shares of Q2 from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. BTIG Research upped their target price on shares of Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Truist Financial reissued a “buy” rating and set a $65.00 price objective (up previously from $60.00) on shares of Q2 in a report on Thursday, May 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

Q2 Company Profile

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.