Q2 Holdings, Inc. (NYSE:QTWO) Position Lowered by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in Q2 Holdings, Inc. (NYSE:QTWO) by 17.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,426 shares of the technology company’s stock after selling 5,181 shares during the quarter. Squarepoint Ops LLC’s holdings in Q2 were worth $1,474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QTWO. Providence Capital Advisors LLC acquired a new position in shares of Q2 in the 2nd quarter worth approximately $503,000. Xponance Inc. bought a new stake in Q2 during the second quarter valued at $225,000. Hood River Capital Management LLC raised its holdings in shares of Q2 by 5.7% during the second quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after purchasing an additional 67,757 shares during the period. ProShare Advisors LLC raised its holdings in shares of Q2 by 47.6% during the second quarter. ProShare Advisors LLC now owns 16,266 shares of the technology company’s stock worth $981,000 after purchasing an additional 5,247 shares during the period. Finally, King Luther Capital Management Corp lifted its position in shares of Q2 by 4.4% in the 2nd quarter. King Luther Capital Management Corp now owns 140,096 shares of the technology company’s stock worth $8,452,000 after buying an additional 5,937 shares during the last quarter.

Q2 Stock Up 2.3 %

QTWO stock opened at $79.59 on Friday. The firm’s 50-day moving average is $73.29 and its two-hundred day moving average is $63.68. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -58.96 and a beta of 1.59. Q2 Holdings, Inc. has a 52 week low of $28.91 and a 52 week high of $82.72. 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 (NYSE:QTWO) last released its 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). Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. The firm had revenue of $172.89 million during the quarter, compared to analyst estimates of $170.67 million. On average, analysts forecast that Q2 Holdings, Inc. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

QTWO has been the topic of several research reports. The Goldman Sachs Group increased their price objective on shares of Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BTIG Research raised their price target on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Stifel Nicolaus boosted their price objective on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $78.00 target price (up from $68.00) on shares of Q2 in a research report on Thursday, August 1st. Finally, Compass Point initiated coverage on shares of Q2 in a report on Wednesday, September 4th. They set a “buy” rating and a $91.00 price target for the company. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.38.

Insider Activity at Q2

In other Q2 news, insider Kimberly Anne Rutledge sold 1,953 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $65.00, for a total value of $126,945.00. Following the sale, the insider now directly owns 115,436 shares in the company, valued at approximately $7,503,340. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the sale, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kimberly Anne Rutledge sold 1,953 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $65.00, for a total value of $126,945.00. Following the sale, the insider now directly owns 115,436 shares in the company, valued at $7,503,340. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,916 shares of company stock valued at $3,236,644 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Q2 Profile

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.