Q2 Holdings, Inc. $QTWO Stock Holdings Lifted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 73.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 488,080 shares of the technology company’s stock after acquiring an additional 205,970 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Q2 were worth $23,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its position in Q2 by 7.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 10,535 shares of the technology company’s stock worth $498,000 after purchasing an additional 721 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Q2 during the first quarter valued at $1,310,000. Assenagon Asset Management S.A. raised its position in Q2 by 119.0% during the first quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock valued at $57,253,000 after buying an additional 657,707 shares during the period. Corient Private Wealth LLC purchased a new stake in Q2 in the 4th quarter worth about $246,000. Finally, MidFirst Bank purchased a new stake in Q2 in the 4th quarter worth about $200,000.

Q2 Price Performance

Shares of QTWO stock opened at $47.74 on Monday. Q2 Holdings, Inc. has a fifty-two week low of $40.79 and a fifty-two week high of $95.17. The stock’s 50-day moving average is $47.05 and its two-hundred day moving average is $54.71. The firm has a market cap of $2.99 billion, a P/E ratio of 42.63 and a beta of 1.34.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.08). The firm had revenue of $216.51 million for the quarter, compared to analyst estimates of $214.40 million. Q2 had a net margin of 8.99% and a return on equity of 14.68%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. As a group, research analysts expect that Q2 Holdings, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

QTWO has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on Q2 from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, June 22nd. DA Davidson reissued a “buy” rating and issued a $82.00 price target on shares of Q2 in a research report on Monday, June 1st. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of Q2 in a report on Thursday, April 30th. Stifel Nicolaus set a $70.00 price objective on shares of Q2 in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Q2 from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.45.

Q2 Company 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.