Q2 Holdings, Inc. $QTWO Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 788,374 shares of the technology company’s stock after purchasing an additional 41,229 shares during the period. Federated Hermes Inc.’s holdings in Q2 were worth $57,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QTWO. Norges Bank acquired a new position in shares of Q2 during the 2nd quarter valued at $60,466,000. American Century Companies Inc. boosted its stake in Q2 by 60.5% during the second quarter. American Century Companies Inc. now owns 1,093,099 shares of the technology company’s stock valued at $102,303,000 after buying an additional 411,930 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Q2 by 11.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock valued at $147,633,000 after buying an additional 213,415 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Q2 by 18.1% during the second quarter. Ameriprise Financial Inc. now owns 1,104,722 shares of the technology company’s stock worth $103,391,000 after acquiring an additional 169,470 shares during the period. Finally, Invesco Ltd. raised its position in Q2 by 4.8% in the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock worth $262,390,000 after acquiring an additional 128,387 shares in the last quarter.

Q2 Stock Performance

Shares of NYSE:QTWO opened at $61.36 on Friday. The firm has a 50 day simple moving average of $71.06 and a 200 day simple moving average of $73.33. Q2 Holdings, Inc. has a 52 week low of $58.57 and a 52 week high of $102.07. The company has a market cap of $3.84 billion, a PE ratio of 127.83 and a beta of 1.35.

Q2 (NYSE:QTWO) last announced its earnings results 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 analyst estimates of $197.87 million. Q2 had a net margin of 4.12% and a return on equity of 10.92%. Q2’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.20) earnings per share. On average, equities analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Kirk L. Coleman sold 8,559 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $630,627.12. Following the completion of the sale, the insider directly owned 269,128 shares of the company’s stock, valued at $19,829,351.04. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $222,808.32. Following the transaction, the chief operating officer directly owned 96,046 shares in the company, valued at $7,076,669.28. The trade was a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 20,883 shares of company stock valued at $1,547,778. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group set a $90.00 price objective on shares of Q2 in a research report on Thursday, November 6th. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Stifel Nicolaus dropped their price target on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Needham & Company LLC cut their price objective on Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald reduced their price objective 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 research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.57.

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.