Algebris UK Ltd. Takes Position in Q2 Holdings, Inc. $QTWO

Algebris UK Ltd. bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 104,423 shares of the technology company’s stock, valued at approximately $7,553,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its holdings in Q2 by 35.0% during the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after purchasing an additional 220 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Q2 by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock valued at $2,803,000 after buying an additional 1,525 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Q2 by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock valued at $43,023,000 after buying an additional 95,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Q2 by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock worth $14,907,000 after buying an additional 6,909 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Q2 during the 2nd quarter worth approximately $277,000.

Q2 Trading Down 0.0%

Q2 stock opened at $68.46 on Monday. The company has a 50-day moving average price of $71.43 and a 200 day moving average price of $73.81. Q2 Holdings, Inc. has a 12-month low of $58.57 and a 12-month high of $102.07. The stock has a market cap of $4.28 billion, a P/E ratio of 142.62 and a beta of 1.35.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on QTWO shares. Wall Street Zen upgraded Q2 from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus decreased their price objective on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. UBS Group set a $90.00 target price on shares of Q2 in a report on Thursday, November 6th. Royal Bank Of Canada reduced their target price on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research report on Thursday, November 6th. Finally, Stephens set a $90.00 price target on shares of Q2 in a research report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Q2 presently has an average rating of “Moderate Buy” and an average target price of $93.57.

Insider Buying and Selling

In other Q2 news, insider Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $19,829,351.04. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction 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 owned 166,512 shares in the company, valued at $12,564,995.52. This represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 20,883 shares of company stock worth $1,547,778. Company insiders own 3.00% of the company’s stock.

Q2 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.