SG Americas Securities LLC Has $761,000 Stock Holdings in Q2 Holdings, Inc. $QTWO

SG Americas Securities LLC lowered its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 43.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,081 shares of the technology company’s stock after selling 12,421 shares during the quarter. SG Americas Securities LLC’s holdings in Q2 were worth $761,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Q2 during the 2nd quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in Q2 in the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Q2 during the fourth quarter valued at $27,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Q2 by 592.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after acquiring an additional 539 shares during the period. Finally, Quarry LP boosted its stake in shares of Q2 by 92.5% in 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.

Q2 Price Performance

QTWO opened at $54.65 on Tuesday. The company’s 50 day simple moving average is $46.98 and its 200-day simple moving average is $53.72. Q2 Holdings, Inc. has a one year low of $40.79 and a one year high of $95.10. The stock has a market capitalization of $3.42 billion, a P/E ratio of 48.45 and a beta of 1.33.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on QTWO. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. DA Davidson reaffirmed a “buy” rating and set a $82.00 price objective on shares of Q2 in a research note on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a report on Tuesday, April 21st. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of Q2 in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $63.00 target price on Q2 in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.45.

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.