Q2 Holdings, Inc. $QTWO Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 17.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,167 shares of the technology company’s stock after purchasing an additional 16,469 shares during the period. Clearbridge Investments LLC owned approximately 0.18% of Q2 worth $7,950,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of Q2 by 0.3% in the second quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after acquiring an additional 194 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Q2 by 1.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,300 shares of the technology company’s stock valued at $1,032,000 after acquiring an additional 200 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Q2 by 35.0% in the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after acquiring an additional 220 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Q2 in the second quarter valued at $26,000. Finally, Mackenzie Financial Corp raised its stake in shares of Q2 by 6.4% in the third quarter. Mackenzie Financial Corp now owns 4,630 shares of the technology company’s stock valued at $335,000 after acquiring an additional 280 shares in the last quarter.

Q2 Stock Down 0.6%

QTWO opened at $44.14 on Thursday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 39.41 and a beta of 1.34. Q2 Holdings, Inc. has a 52 week low of $42.98 and a 52 week high of $96.68. The business’s 50 day moving average is $47.99 and its two-hundred day moving average is $57.10.

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

Wall Street Analyst Weigh In

QTWO has been the subject of a number of analyst reports. Truist Financial lowered their price objective on Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Wall Street Zen downgraded Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada reduced their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Q2 in a report on Thursday, April 30th. Finally, UBS Group set a $77.00 price objective on shares of Q2 in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.27.

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.