Schwab Charles Investment Management Inc. grew its holdings in Q2 Holdings Inc (NYSE:QTWO) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,078 shares of the technology company’s stock after buying an additional 11,410 shares during the period. Schwab Charles Investment Management Inc. owned 0.37% of Q2 worth $5,752,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in QTWO. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Q2 in the third quarter valued at approximately $217,000. Sei Investments Co. lifted its holdings in Q2 by 77.0% during the 3rd quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock worth $262,000 after purchasing an additional 2,739 shares during the last quarter. California Public Employees Retirement System acquired a new stake in Q2 during the 3rd quarter worth approximately $367,000. Legal & General Group Plc lifted its holdings in Q2 by 79.1% during the 3rd quarter. Legal & General Group Plc now owns 12,997 shares of the technology company’s stock worth $540,000 after purchasing an additional 5,741 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in Q2 by 8.1% during the 3rd quarter. American International Group Inc. now owns 21,014 shares of the technology company’s stock worth $875,000 after purchasing an additional 1,572 shares during the last quarter. 90.04% of the stock is owned by institutional investors.
Several research firms recently weighed in on QTWO. Stifel Nicolaus reissued a “buy” rating and set a $50.00 price target on shares of Q2 in a report on Friday, February 16th. Needham & Company LLC lifted their price target on Q2 from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Morgan Stanley lifted their price target on Q2 from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. BidaskClub raised Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, DA Davidson started coverage on Q2 in a report on Thursday, November 16th. They set a “neutral” rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Q2 has a consensus rating of “Hold” and an average target price of $46.58.
Q2 Holdings Inc (QTWO) opened at $47.05 on Wednesday. Q2 Holdings Inc has a 52 week low of $31.95 and a 52 week high of $48.40. The stock has a market capitalization of $2,021.56, a price-to-earnings ratio of -74.68 and a beta of 1.43.
Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Q2 had a negative return on equity of 19.34% and a negative net margin of 13.49%. The company had revenue of $51.70 million for the quarter, compared to analyst estimates of $51.70 million. During the same quarter last year, the company posted ($0.03) EPS. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. equities analysts expect that Q2 Holdings Inc will post -0.44 earnings per share for the current year.
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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