Signaturefd LLC Trims Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Signaturefd LLC decreased its stake in shares of Q2 Holdings, Inc. (NYSE:QTWOGet Rating) by 31.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 572 shares of the technology company’s stock after selling 260 shares during the quarter. Signaturefd LLC’s holdings in Q2 were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QTWO. Quadrant Capital Group LLC increased its stake in Q2 by 65.5% during the fourth quarter. Quadrant Capital Group LLC now owns 710 shares of the technology company’s stock worth $56,000 after acquiring an additional 281 shares during the last quarter. Cota Capital Management LLC increased its stake in Q2 by 30.7% during the fourth quarter. Cota Capital Management LLC now owns 379,363 shares of the technology company’s stock worth $30,137,000 after acquiring an additional 89,138 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Q2 during the fourth quarter worth $900,000. Richelieu Gestion PLC acquired a new stake in Q2 during the first quarter worth $34,000. Finally, Fifth Third Bancorp increased its stake in Q2 by 86.9% during the fourth quarter. Fifth Third Bancorp now owns 585 shares of the technology company’s stock worth $46,000 after acquiring an additional 272 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on QTWO shares. StockNews.com cut Q2 from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. Stephens lifted their price objective on Q2 to $55.00 in a research note on Thursday, May 26th. Truist Financial dropped their price objective on Q2 from $125.00 to $85.00 in a research note on Wednesday, May 4th. Robert W. Baird dropped their price objective on Q2 from $92.00 to $77.00 in a research note on Wednesday, May 4th. Finally, DA Davidson dropped their price objective on Q2 from $94.00 to $74.00 in a research note on Tuesday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.75.

Q2 Trading Up 1.0 %

NYSE:QTWO opened at $43.90 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of -22.51 and a beta of 1.54. The stock has a fifty day moving average price of $42.74 and a 200 day moving average price of $53.13. Q2 Holdings, Inc. has a 12-month low of $34.42 and a 12-month high of $105.19. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.47.

Q2 (NYSE:QTWOGet Rating) last released its earnings results on Monday, May 2nd. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The company had revenue of $134.07 million during the quarter, compared to analysts’ expectations of $132.41 million. Q2 had a negative net margin of 21.43% and a negative return on equity of 7.59%. During the same quarter last year, the business posted ($0.14) earnings per share. Sell-side analysts anticipate that Q2 Holdings, Inc. will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Q2 news, CRO Michael A. Volanoski sold 2,593 shares of Q2 stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $40.25, for a total transaction of $104,368.25. Following the completion of the sale, the executive now directly owns 69,136 shares of the company’s stock, valued at approximately $2,782,724. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

Q2 Profile

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Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

See Also

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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