Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Vanguard Personalized Indexing Management LLC increased its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 27.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,549 shares of the technology company’s stock after buying an additional 1,193 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Q2 were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QTWO. CWM LLC raised its holdings in shares of Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after acquiring an additional 169 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Q2 in the 1st quarter worth $50,000. Quest Partners LLC purchased a new position in Q2 during the 2nd quarter valued at about $153,000. nVerses Capital LLC purchased a new stake in Q2 in the second quarter worth $181,000. Finally, SG Americas Securities LLC bought a new stake in shares of Q2 during the 1st quarter valued at about $173,000.

Q2 Stock Performance

NYSE:QTWO opened at $79.05 on Friday. The firm has a market capitalization of $4.77 billion, a PE ratio of -58.56 and a beta of 1.58. Q2 Holdings, Inc. has a fifty-two week low of $28.91 and a fifty-two week high of $82.72. The stock’s fifty day moving average is $72.24 and its 200 day moving average is $62.66. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44.

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

Insider Transactions at Q2

In related news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the transaction, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the sale, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Michael S. Kerr sold 517 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares of the company’s stock, valued at $4,331,671.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,916 shares of company stock valued at $3,236,644. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on QTWO. DA Davidson lowered shares of Q2 from a “buy” rating to a “neutral” rating and increased their price target for the stock from $65.00 to $76.00 in a research note on Wednesday, July 24th. Truist Financial restated a “buy” rating and set a $78.00 price target (up from $68.00) on shares of Q2 in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their target price on Q2 from $59.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BTIG Research lifted their target price on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Needham & Company LLC upped their price target on Q2 from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.38.

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.