Campbell & CO Investment Adviser LLC Purchases New Holdings in Q2 Holdings, Inc. $QTWO

Campbell & CO Investment Adviser LLC acquired a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 21,537 shares of the technology company’s stock, valued at approximately $1,559,000.

Several other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of Q2 by 4.5% in the third quarter. Nordea Investment Management AB now owns 115,837 shares of the technology company’s stock valued at $8,333,000 after purchasing an additional 5,022 shares in the last quarter. First Horizon Corp acquired a new position in Q2 during the third quarter valued at $37,000. New York State Teachers Retirement System purchased a new stake in shares of Q2 in the third quarter worth approximately $977,000. Bayforest Capital Ltd boosted its holdings in shares of Q2 by 13.9% during the third quarter. Bayforest Capital Ltd now owns 5,789 shares of the technology company’s stock worth $419,000 after purchasing an additional 706 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new position in Q2 during the third quarter valued at approximately $1,021,000.

Q2 Stock Down 2.6%

Shares of QTWO stock opened at $65.08 on Friday. Q2 Holdings, Inc. has a 12 month low of $58.57 and a 12 month high of $102.07. The company has a market cap of $4.07 billion, a PE ratio of 135.58 and a beta of 1.35. The business’s 50 day moving average is $72.08 and its two-hundred day moving average is $74.89.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.32). The firm had revenue of $201.70 million for the quarter, compared to the consensus estimate of $197.87 million. Q2 had a return on equity of 10.92% and a net margin of 4.12%.Q2’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) earnings per share. As a group, equities analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on QTWO shares. Zacks Research downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Stifel Nicolaus cut their price objective on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. UBS Group set a $90.00 price objective on Q2 in a research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their target price on Q2 from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Finally, Cantor Fitzgerald cut their price target on Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.57.

Insider Buying and Selling

In related news, insider Kirk L. Coleman sold 8,559 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total transaction of $630,627.12. Following the completion of the sale, the insider owned 269,128 shares in the company, valued at $19,829,351.04. This represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $75.46, for a total value of $386,581.58. Following the completion of the sale, the executive directly owned 166,512 shares in the company, valued at $12,564,995.52. This trade represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 20,883 shares of company stock valued at $1,547,778. Insiders own 0.31% of the company’s stock.

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.