EAM Global Investors LLC Has $7.29 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

EAM Global Investors LLC cut its position in Q2 Holdings, Inc. (NYSE:QTWO) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,377 shares of the technology company’s stock after selling 8,988 shares during the quarter. Q2 comprises about 1.3% of EAM Global Investors LLC’s holdings, making the stock its 8th largest position. EAM Global Investors LLC owned about 0.12% of Q2 worth $7,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QTWO. Proficio Capital Partners LLC purchased a new position in Q2 in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Q2 during the fourth quarter worth $30,000. TCTC Holdings LLC bought a new position in shares of Q2 in the fourth quarter worth $30,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 in the fourth quarter valued at $32,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Q2 during the 4th quarter valued at $137,000.

Analysts Set New Price Targets

Several brokerages have commented on QTWO. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Q2 in a research note on Thursday, February 13th. Raymond James raised their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Royal Bank of Canada increased their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Truist Financial restated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

Q2 Trading Up 1.8 %

Shares of QTWO stock opened at $76.82 on Wednesday. The business has a 50-day moving average price of $81.21 and a two-hundred day moving average price of $90.37. Q2 Holdings, Inc. has a 12-month low of $49.56 and a 12-month high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.66 billion, a P/E ratio of -118.18 and a beta of 1.61.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Activity at Q2

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,858 shares of company stock valued at $14,853,965. Insiders own 3.00% of the company’s stock.

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.