Diversified Trust Co Grows Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Diversified Trust Co raised its holdings in Q2 Holdings, Inc. (NYSE:QTWOGet Rating) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,125 shares of the technology company’s stock after purchasing an additional 1,300 shares during the quarter. Diversified Trust Co’s holdings in Q2 were worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Blueshift Asset Management LLC purchased a new position in Q2 during the first quarter valued at approximately $295,000. Cota Capital Management LLC raised its holdings in Q2 by 30.7% in the 4th quarter. Cota Capital Management LLC now owns 379,363 shares of the technology company’s stock worth $30,137,000 after purchasing an additional 89,138 shares during the period. RMB Capital Management LLC boosted its position in Q2 by 17.8% during the first quarter. RMB Capital Management LLC now owns 20,748 shares of the technology company’s stock worth $1,279,000 after purchasing an additional 3,139 shares in the last quarter. Richelieu Gestion PLC acquired a new stake in Q2 in the first quarter valued at approximately $34,000. Finally, Wasatch Advisors Inc. increased its position in shares of Q2 by 37.5% in the fourth quarter. Wasatch Advisors Inc. now owns 4,112,578 shares of the technology company’s stock valued at $326,703,000 after buying an additional 1,120,845 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of Q2 from $77.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, August 5th. Citigroup reduced their target price on Q2 from $78.00 to $63.00 and set a “buy” rating for the company in a report on Monday, September 12th. StockNews.com cut Q2 from a “hold” rating to a “sell” rating in a research report on Friday, September 16th. Morgan Stanley lowered their price target on shares of Q2 from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, August 8th. Finally, Stephens increased their price target on Q2 to $55.00 in a report on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.23.

Q2 Price Performance

Q2 stock opened at $36.20 on Thursday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.49. Q2 Holdings, Inc. has a 52-week low of $34.42 and a 52-week high of $90.85. The firm has a market cap of $2.07 billion, a PE ratio of -19.46 and a beta of 1.55. The company’s 50 day moving average is $41.97 and its two-hundred day moving average is $47.40.

Q2 (NYSE:QTWOGet Rating) last released its earnings results on Wednesday, August 3rd. The technology company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Q2 had a negative net margin of 19.84% and a negative return on equity of 9.16%. The company had revenue of $140.31 million during the quarter, compared to analysts’ expectations of $140.22 million. On average, research analysts expect that Q2 Holdings, Inc. will post -0.82 EPS for the current fiscal year.

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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