Schwab Charles Investment Management Inc. raised its holdings in shares of Q2 Holdings Inc (NYSE:QTWO) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,050 shares of the technology company’s stock after buying an additional 7,972 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.39% of Q2 worth $7,473,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Jefferies Group LLC acquired a new position in shares of Q2 during the fourth quarter worth approximately $201,000. Virtu Financial LLC acquired a new position in shares of Q2 during the fourth quarter worth approximately $205,000. HBK Investments L P lifted its holdings in shares of Q2 by 65.0% during the fourth quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock worth $365,000 after buying an additional 3,900 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Q2 by 14.8% during the fourth quarter. California Public Employees Retirement System now owns 10,100 shares of the technology company’s stock worth $372,000 after buying an additional 1,300 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Q2 during the fourth quarter worth approximately $397,000. Institutional investors own 93.03% of the company’s stock.
In other Q2 news, CTO Adam D. Blue sold 60,000 shares of the company’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $57.19, for a total value of $3,431,400.00. Following the sale, the chief technology officer now directly owns 95,848 shares in the company, valued at $5,481,547.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Barry G. Benton sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the senior vice president now owns 35,716 shares in the company, valued at $1,785,800. The disclosure for this sale can be found here. Insiders sold 424,096 shares of company stock worth $22,236,986 over the last quarter. Company insiders own 17.90% of the company’s stock.
QTWO has been the subject of a number of research analyst reports. Zacks Investment Research lowered Q2 from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. ValuEngine upgraded Q2 from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Loop Capital upped their target price on Q2 to $61.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Stifel Nicolaus upped their target price on Q2 from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Finally, DA Davidson upped their target price on Q2 from $38.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, May 4th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Q2 has a consensus rating of “Buy” and an average target price of $50.50.
Shares of NYSE QTWO opened at $62.95 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 5.35 and a quick ratio of 5.35. Q2 Holdings Inc has a one year low of $31.95 and a one year high of $63.20.
Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. Q2 had a negative return on equity of 16.28% and a negative net margin of 12.32%. The firm had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $53.01 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. equities analysts anticipate that Q2 Holdings Inc will post -0.52 EPS for the current year.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.
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