Victory Capital Management Inc. Has $19.61 Million Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Victory Capital Management Inc. boosted its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 855.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 451,647 shares of the technology company’s stock after buying an additional 404,372 shares during the period. Victory Capital Management Inc.’s holdings in Q2 were worth $19,606,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Jennison Associates LLC increased its stake in shares of Q2 by 147.4% in the third quarter. Jennison Associates LLC now owns 1,225,286 shares of the technology company’s stock valued at $39,540,000 after buying an additional 729,959 shares during the period. Vanguard Group Inc. boosted its holdings in Q2 by 7.5% in the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after acquiring an additional 487,111 shares during the last quarter. North Reef Capital Management LP increased its position in Q2 by 21.2% during the 3rd quarter. North Reef Capital Management LP now owns 2,070,000 shares of the technology company’s stock valued at $66,799,000 after purchasing an additional 362,227 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Q2 by 13.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,203,414 shares of the technology company’s stock worth $95,650,000 after purchasing an additional 256,802 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in shares of Q2 in the 3rd quarter worth approximately $5,534,000.

Insider Buying and Selling at Q2

In other news, CEO Matthew P. Flake sold 29,149 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $46.01, for a total value of $1,341,145.49. Following the completion of the sale, the chief executive officer now owns 444,262 shares in the company, valued at approximately $20,440,494.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Matthew P. Flake sold 22,624 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $46.49, for a total transaction of $1,051,789.76. Following the completion of the sale, the chief executive officer now directly owns 421,638 shares of the company’s stock, valued at approximately $19,601,950.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew P. Flake sold 29,149 shares of Q2 stock in a transaction on Monday, March 4th. The stock was sold at an average price of $46.01, for a total value of $1,341,145.49. Following the sale, the chief executive officer now owns 444,262 shares in the company, valued at $20,440,494.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 166,935 shares of company stock worth $7,836,175. Corporate insiders own 3.60% of the company’s stock.

Q2 Trading Up 0.9 %

QTWO opened at $62.87 on Friday. Q2 Holdings, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $63.28. The firm has a market capitalization of $3.78 billion, a PE ratio of -46.57 and a beta of 1.47. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. The company’s 50-day moving average is $52.07 and its 200 day moving average is $43.97.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The firm had revenue of $162.12 million during the quarter, compared to the consensus estimate of $161.31 million. As a group, research analysts predict that Q2 Holdings, Inc. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on QTWO shares. BTIG Research increased their price objective on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Piper Sandler increased their price target on Q2 from $47.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Stifel Nicolaus lifted their price objective on Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird boosted their price target on Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

Q2 Company Profile

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.