Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 456,651 shares of the technology company’s stock after acquiring an additional 32,371 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.78% of Q2 worth $19,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC boosted its holdings in shares of Q2 by 156.5% during the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after purchasing an additional 374 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Q2 by 2,582.4% during the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after buying an additional 878 shares during the last quarter. RiverPark Advisors LLC grew its holdings in Q2 by 261.0% in the 4th quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock valued at $58,000 after buying an additional 963 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of Q2 in the 4th quarter worth $152,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Q2 during the 3rd quarter worth $268,000.

Insider Transactions at Q2

In other Q2 news, CEO Matthew P. Flake sold 29,149 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $46.01, for a total value of $1,341,145.49. Following the sale, the chief executive officer now directly owns 444,262 shares in the company, valued at $20,440,494.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO David J. Mehok sold 5,806 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $46.01, for a total value of $267,134.06. Following the completion of the sale, the chief financial officer now directly owns 159,085 shares of the company’s stock, valued at $7,319,500.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew P. Flake sold 29,149 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $46.01, for a total value of $1,341,145.49. Following the transaction, the chief executive officer now directly owns 444,262 shares in the company, valued at approximately $20,440,494.62. The disclosure for this sale can be found here. In the last three months, insiders sold 166,935 shares of company stock valued at $7,836,175. Insiders own 3.60% of the company’s stock.

Q2 Trading Up 0.1 %

NYSE:QTWO traded up $0.04 on Friday, reaching $62.91. 11,838 shares of the company’s stock were exchanged, compared to its average volume of 637,771. The business has a fifty day moving average of $52.07 and a 200-day moving average of $43.97. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06. Q2 Holdings, Inc. has a 52-week low of $24.10 and a 52-week high of $63.50. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -46.57 and a beta of 1.47.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The business had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.31 million. As a group, analysts expect that Q2 Holdings, Inc. will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

QTWO has been the subject of a number of analyst reports. Piper Sandler upped their price objective on shares of Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Robert W. Baird increased their price target on shares of Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. DA Davidson lifted their price target on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Truist Financial reiterated a “buy” rating and issued a $65.00 price objective (up from $60.00) on shares of Q2 in a research report on Thursday, May 2nd. Finally, Needham & Company LLC lifted their target price on Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

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.