Motley Fool Wealth Management LLC Trims Holdings in Q2 Holdings, Inc. $QTWO

Motley Fool Wealth Management LLC lessened its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 13.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,199 shares of the technology company’s stock after selling 13,788 shares during the period. Motley Fool Wealth Management LLC’s holdings in Q2 were worth $6,148,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QTWO. Capital Research Global Investors increased its holdings in Q2 by 86.2% during the 4th quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock valued at $226,658,000 after purchasing an additional 1,454,076 shares during the period. Vanguard Group Inc. increased its holdings in Q2 by 13.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock valued at $572,772,000 after purchasing an additional 941,672 shares during the period. North Reef Capital Management LP increased its holdings in Q2 by 101.1% during the 3rd quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock valued at $122,339,000 after purchasing an additional 849,480 shares during the period. UBS Group AG boosted its position in Q2 by 343.5% during the 3rd quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock valued at $73,110,000 after acquiring an additional 782,220 shares in the last quarter. Finally, Norges Bank bought a new stake in Q2 during the 4th quarter valued at approximately $44,960,000.

Q2 Stock Down 1.2%

Shares of QTWO opened at $44.30 on Wednesday. The business’s 50 day moving average price is $48.03 and its 200-day moving average price is $57.28. Q2 Holdings, Inc. has a 52 week low of $43.41 and a 52 week high of $96.68. The stock has a market cap of $2.77 billion, a P/E ratio of 39.55 and a beta of 1.34.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Q2 had a return on equity of 14.68% and a net margin of 8.99%.The company had revenue of $216.51 million during the quarter, compared to the consensus estimate of $214.40 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts anticipate that Q2 Holdings, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Robert W. Baird set a $74.00 price objective on Q2 in a research report on Thursday, April 30th. Cantor Fitzgerald cut their price objective on Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research report on Tuesday, April 21st. Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Stifel Nicolaus set a $70.00 price objective on Q2 in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.27.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.