Baird Financial Group Inc. Has $1.39 Million Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Baird Financial Group Inc. increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWOGet Rating) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,995 shares of the technology company’s stock after buying an additional 1,322 shares during the quarter. Baird Financial Group Inc. owned 0.06% of Q2 worth $1,388,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Champlain Investment Partners LLC boosted its stake in shares of Q2 by 10.3% during the 1st quarter. Champlain Investment Partners LLC now owns 2,367,225 shares of the technology company’s stock worth $145,939,000 after acquiring an additional 221,085 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Q2 by 12.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,325,774 shares of the technology company’s stock worth $81,734,000 after acquiring an additional 148,983 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Q2 by 10.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 998,785 shares of the technology company’s stock worth $61,575,000 after acquiring an additional 93,322 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of Q2 by 12.2% during the 2nd quarter. Stephens Investment Management Group LLC now owns 864,711 shares of the technology company’s stock worth $33,352,000 after acquiring an additional 93,791 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Q2 by 2.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 624,105 shares of the technology company’s stock worth $24,071,000 after acquiring an additional 15,408 shares during the period.

Q2 Price Performance

Q2 stock opened at $25.88 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.00 and a current ratio of 3.00. Q2 Holdings, Inc. has a 52 week low of $20.93 and a 52 week high of $90.85. The stock has a market capitalization of $1.49 billion, a P/E ratio of -14.54 and a beta of 1.50. The stock has a fifty day moving average of $31.36 and a 200-day moving average of $39.14.

Analyst Upgrades and Downgrades

QTWO has been the subject of several research reports. Canaccord Genuity Group dropped their price target on Q2 from $100.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. DA Davidson dropped their price target on Q2 from $74.00 to $58.00 in a report on Wednesday, November 2nd. Royal Bank of Canada cut Q2 from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $38.00 to $32.00 in a report on Tuesday, November 8th. Piper Sandler cut Q2 from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $45.00 to $22.00 in a report on Tuesday, November 8th. Finally, StockNews.com raised Q2 from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Q2 has a consensus rating of “Hold” and an average target price of $47.08.

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.

Further Reading

Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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