Q2 Holdings, Inc. (NYSE:QTWO) Stock Holdings Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 617.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,340 shares of the technology company’s stock after buying an additional 32,993 shares during the period. Edgestream Partners L.P.’s holdings in Q2 were worth $2,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after purchasing an additional 169 shares during the last quarter. Natixis Advisors LLC boosted its position in Q2 by 1.4% during the 2nd quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock valued at $1,007,000 after purchasing an additional 237 shares during the period. Contravisory Investment Management Inc. grew its stake in Q2 by 4.4% during the 1st quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock worth $377,000 after buying an additional 304 shares during the last quarter. Panagora Asset Management Inc. increased its position in Q2 by 3.1% in the second quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock worth $824,000 after buying an additional 407 shares during the period. Finally, Arizona State Retirement System lifted its stake in Q2 by 2.6% in the second quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock valued at $998,000 after buying an additional 423 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Truist Financial restated a “buy” rating and set a $78.00 price target (up previously from $68.00) on shares of Q2 in a research report on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of Q2 from $60.00 to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. DA Davidson downgraded Q2 from a “buy” rating to a “neutral” rating and lifted their target price for the company from $65.00 to $76.00 in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus increased their price target on Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.38.

Insider Buying and Selling at Q2

In other Q2 news, EVP Jonathan Price sold 11,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $60.00, for a total transaction of $660,000.00. Following the completion of the sale, the executive vice president now directly owns 226,079 shares in the company, valued at approximately $13,564,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Q2 news, insider Kimberly Anne Rutledge sold 1,953 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $65.00, for a total value of $126,945.00. Following the completion of the sale, the insider now owns 115,436 shares in the company, valued at approximately $7,503,340. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jonathan Price sold 11,000 shares of Q2 stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $60.00, for a total transaction of $660,000.00. Following the sale, the executive vice president now directly owns 226,079 shares of the company’s stock, valued at approximately $13,564,740. The disclosure for this sale can be found here. Insiders have sold a total of 54,916 shares of company stock valued at $3,896,644 in the last three months. 3.60% of the stock is currently owned by company insiders.

Q2 Stock Performance

NYSE:QTWO opened at $76.04 on Thursday. The company has a 50-day moving average of $70.56 and a 200-day moving average of $61.21. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of -56.33 and a beta of 1.58. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. Q2 Holdings, Inc. has a twelve month low of $28.91 and a twelve month high of $77.70.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $172.89 million during the quarter, compared to analyst estimates of $170.67 million. Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. Analysts forecast that Q2 Holdings, Inc. will post -0.01 earnings per share for the current fiscal year.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.