Q2 Holdings, Inc. $QTWO Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 73.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 488,080 shares of the technology company’s stock after buying an additional 205,970 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.78% of Q2 worth $23,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in QTWO. Headlands Technologies LLC bought a new stake in Q2 during the second quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Q2 in the third quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in Q2 during the 4th quarter valued at $27,000. Quarry LP boosted its stake in Q2 by 92.5% during the 3rd quarter. Quarry LP now owns 697 shares of the technology company’s stock valued at $50,000 after purchasing an additional 335 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Q2 during the 3rd quarter valued at $51,000.

Q2 Stock Performance

Shares of NYSE:QTWO opened at $47.74 on Monday. Q2 Holdings, Inc. has a one year low of $40.79 and a one year high of $95.17. The stock has a fifty day moving average of $47.05 and a 200-day moving average of $54.71. The company has a market capitalization of $2.99 billion, a PE ratio of 42.63 and a beta of 1.34.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Robert W. Baird set a $74.00 price objective on Q2 in a research note on Thursday, April 30th. Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. DA Davidson reaffirmed a “buy” rating and set a $82.00 target price on shares of Q2 in a report on Monday, June 1st. Stifel Nicolaus set a $70.00 price target on shares of Q2 in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Q2 from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.45.

About Q2

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.