D L Carlson Investment Group Inc. Has $3.52 Million Stake in Q2 Holdings Inc (NYSE:QTWO)

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D L Carlson Investment Group Inc. decreased its position in Q2 Holdings Inc (NYSE:QTWO) by 5.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 44,643 shares of the technology company’s stock after selling 2,635 shares during the period. D L Carlson Investment Group Inc. owned about 0.09% of Q2 worth $3,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QTWO. Brown Capital Management LLC boosted its stake in shares of Q2 by 26.2% during the 2nd quarter. Brown Capital Management LLC now owns 4,003,706 shares of the technology company’s stock valued at $305,723,000 after buying an additional 832,296 shares during the period. Vanguard Group Inc. boosted its stake in shares of Q2 by 10.2% during the 2nd quarter. Vanguard Group Inc. now owns 3,943,505 shares of the technology company’s stock valued at $301,125,000 after buying an additional 363,780 shares during the period. BlackRock Inc. boosted its stake in shares of Q2 by 0.6% during the 2nd quarter. BlackRock Inc. now owns 2,953,984 shares of the technology company’s stock valued at $225,566,000 after buying an additional 17,568 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Q2 by 6.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,455,251 shares of the technology company’s stock valued at $111,123,000 after buying an additional 91,115 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its stake in shares of Q2 by 27.4% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,376,062 shares of the technology company’s stock valued at $105,076,000 after buying an additional 295,811 shares during the period.

A number of brokerages have issued reports on QTWO. Stifel Nicolaus lifted their target price on shares of Q2 from $74.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. BTIG Research reissued a “hold” rating on shares of Q2 in a research note on Sunday, August 11th. KeyCorp decreased their target price on shares of Q2 from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley reissued an “overweight” rating and set a $90.00 target price on shares of Q2 in a research note on Monday, October 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Q2 in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.67.

In related news, Director R. H. Seale sold 124,076 shares of Q2 stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $76.14, for a total value of $9,447,146.64. Following the transaction, the director now owns 384,817 shares in the company, valued at approximately $29,299,966.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 25,000 shares of Q2 stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $71.02, for a total transaction of $1,775,500.00. Following the completion of the transaction, the chief executive officer now owns 323,999 shares in the company, valued at approximately $23,010,408.98. The disclosure for this sale can be found here. Insiders sold a total of 275,326 shares of company stock worth $21,984,172 in the last quarter. Insiders own 12.80% of the company’s stock.

QTWO stock opened at $72.06 on Friday. The company has a current ratio of 6.72, a quick ratio of 6.72 and a debt-to-equity ratio of 1.14. Q2 Holdings Inc has a 1 year low of $43.41 and a 1 year high of $93.63. The company has a fifty day simple moving average of $74.15 and a 200 day simple moving average of $77.56. The firm has a market cap of $3.30 billion, a PE ratio of -194.76 and a beta of 1.24.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.22. The firm had revenue of $79.70 million for the quarter, compared to the consensus estimate of $79.26 million. Q2 had a negative net margin of 20.73% and a negative return on equity of 13.40%. The business’s quarterly revenue was up 31.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. As a group, analysts forecast that Q2 Holdings Inc will post -0.68 EPS for the current fiscal year.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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