Creative Planning Purchases 2,201 Shares of Q2 Holdings, Inc. $QTWO

Creative Planning raised its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,859 shares of the technology company’s stock after purchasing an additional 2,201 shares during the period. Creative Planning owned approximately 0.05% of Q2 worth $2,982,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of QTWO. WPG Advisers LLC bought a new position in shares of Q2 in the 1st quarter valued at $35,000. TCTC Holdings LLC boosted its stake in Q2 by 103.1% in the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company’s stock valued at $48,000 after buying an additional 303 shares in the last quarter. SVB Wealth LLC bought a new position in Q2 in the first quarter valued at about $58,000. Summit Securities Group LLC acquired a new position in Q2 during the first quarter worth about $64,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Q2 by 35.0% in the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after acquiring an additional 220 shares during the last quarter.

Analyst Upgrades and Downgrades

QTWO has been the topic of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Royal Bank Of Canada lowered their target price on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a report on Thursday, November 6th. Needham & Company LLC cut their price target on Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, UBS Group set a $90.00 price objective on Q2 in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.40.

Q2 Trading Up 3.3%

NYSE QTWO opened at $71.98 on Monday. The firm has a market capitalization of $4.50 billion, a PE ratio of 149.97 and a beta of 1.48. The business’s 50-day moving average price is $68.35 and its two-hundred day moving average price is $79.76. Q2 Holdings, Inc. has a 12 month low of $58.57 and a 12 month high of $112.82.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). Q2 had a return on equity of 10.92% and a net margin of 4.12%.The company had revenue of $201.70 million for the quarter, compared to the consensus estimate of $197.87 million. During the same quarter last year, the business earned ($0.20) earnings per share. Q2’s revenue was up 15.2% compared to the same quarter last year. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Q2

In related news, General Counsel Michael S. Kerr sold 967 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $82.60, for a total value of $79,874.20. Following the transaction, the general counsel owned 56,228 shares in the company, valued at $4,644,432.80. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.

About Q2

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.