Y Intercept Hong Kong Ltd Makes New $5.37 Million Investment in Q2 Holdings, Inc. $QTWO

Y Intercept Hong Kong Ltd purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 113,463 shares of the technology company’s stock, valued at approximately $5,367,000. Y Intercept Hong Kong Ltd owned about 0.18% of Q2 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of Q2 by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after acquiring an additional 194 shares during the period. Maryland State Retirement & Pension System raised its holdings in Q2 by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 9,174 shares of the technology company’s stock worth $662,000 after purchasing an additional 197 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Q2 by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,300 shares of the technology company’s stock worth $1,032,000 after purchasing an additional 200 shares during the period. Advisors Asset Management Inc. increased its position in Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after purchasing an additional 220 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Q2 during the 2nd quarter worth approximately $26,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on QTWO shares. Wall Street Zen cut Q2 from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group set a $77.00 price objective on Q2 in a research report on Thursday, April 30th. JPMorgan Chase & Co. reduced their target price on Q2 from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, June 22nd. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Q2 in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $70.00 price target on shares of Q2 in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Q2 presently has an average rating of “Moderate Buy” and an average price target of $73.45.

Q2 Price Performance

Shares of NYSE QTWO opened at $52.37 on Friday. The firm’s 50-day moving average is $46.86 and its two-hundred day moving average is $53.99. The company has a market capitalization of $3.28 billion, a PE ratio of 46.76 and a beta of 1.33. Q2 Holdings, Inc. has a 12-month low of $40.79 and a 12-month high of $95.10.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.63 earnings per share 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 business had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $214.40 million. During the same period last year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, analysts forecast that Q2 Holdings, Inc. will post 1.57 EPS for the current fiscal year.

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.