Los Angeles Capital Management LLC Raises Position in Q2 Holdings, Inc. (NYSE:QTWO)

Los Angeles Capital Management LLC raised its position in Q2 Holdings, Inc. (NYSE:QTWO) by 44.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,467 shares of the technology company’s stock after buying an additional 7,799 shares during the period. Los Angeles Capital Management LLC’s holdings in Q2 were worth $2,563,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QTWO. Quarry LP raised its position in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Q2 in the 4th quarter valued at about $32,000. International Assets Investment Management LLC raised its holdings in Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Q2 during the 4th quarter worth approximately $179,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Piper Sandler lifted their price target on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Robert W. Baird restated a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Finally, Royal Bank of Canada boosted their target price on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

Q2 Stock Down 1.4 %

QTWO stock opened at $85.04 on Friday. Q2 Holdings, Inc. has a one year low of $44.74 and a one year high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $95.69 and a 200-day moving average of $89.64. The stock has a market capitalization of $5.16 billion, a PE ratio of -130.83 and a beta of 1.61.

Q2 (NYSE:QTWO) last announced its quarterly earnings data 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%. As a group, analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Activity

In other Q2 news, President Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $907,254.00. Following the sale, the president now directly owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the sale, the executive now directly owns 218,371 shares in the company, valued at $23,173,530.52. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,288 shares of company stock worth $3,091,483 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

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.