Capital Research Global Investors Increases Position in Q2 Holdings, Inc. $QTWO

Capital Research Global Investors lifted its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 86.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,141,044 shares of the technology company’s stock after buying an additional 1,454,076 shares during the period. Capital Research Global Investors owned approximately 5.02% of Q2 worth $226,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. William Blair Investment Management LLC boosted its stake in shares of Q2 by 25.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock worth $194,451,000 after buying an additional 553,713 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Q2 by 48.7% in the 4th quarter. Peregrine Capital Management LLC now owns 143,243 shares of the technology company’s stock worth $10,336,000 after buying an additional 46,903 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Q2 by 502.5% in the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock worth $21,856,000 after purchasing an additional 251,807 shares during the period. Vanguard Group Inc. raised its holdings in shares of Q2 by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock worth $576,929,000 after purchasing an additional 82,827 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Q2 by 53.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock worth $3,378,000 after purchasing an additional 16,263 shares during the period.

Q2 Price Performance

Shares of QTWO stock opened at $45.73 on Monday. The company’s fifty day simple moving average is $48.09 and its two-hundred day simple moving average is $57.63. Q2 Holdings, Inc. has a 1 year low of $44.46 and a 1 year high of $96.68. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 40.83 and a beta of 1.34.

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

Insider Transactions at Q2

In other Q2 news, insider Kimberly Anne Rutledge sold 3,187 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.37, for a total transaction of $160,529.19. Following the sale, the insider owned 80,551 shares of the company’s stock, valued at $4,057,353.87. The trade was a 3.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.88% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on QTWO. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Morgan Stanley set a $63.00 price target on shares of Q2 in a report on Thursday, April 30th. UBS Group set a $77.00 price target on shares of Q2 in a report on Thursday, April 30th. Royal Bank Of Canada lowered their price target on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a report on Thursday, February 12th. Finally, Truist Financial lowered their price target on shares of Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.27.

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.