Q2 Holdings, Inc. $QTWO Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 18.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,075 shares of the technology company’s stock after selling 23,480 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.16% of Q2 worth $7,317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Q2 during the second quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. raised its position in Q2 by 592.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after purchasing an additional 539 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after purchasing an additional 220 shares during the period. Pacer Advisors Inc. purchased a new position in Q2 during the 3rd quarter worth $90,000. Finally, Hilltop National Bank increased its stake in Q2 by 9.8% in the third quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock valued at $150,000 after purchasing an additional 185 shares during the period.

Q2 Stock Down 0.4%

Shares of QTWO opened at $70.25 on Wednesday. Q2 Holdings, Inc. has a 52-week low of $58.57 and a 52-week high of $102.07. The company has a 50-day simple moving average of $71.26 and a 200-day simple moving average of $76.17. The company has a market capitalization of $4.39 billion, a PE ratio of 146.36 and a beta of 1.35.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 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 analysts’ expectations of $197.87 million. During the same period in the prior year, the firm posted ($0.20) EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, research analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Buying and Selling

In related news, insider Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $630,627.12. Following the completion of the transaction, the insider directly owned 269,128 shares of the company’s stock, valued at $19,829,351.04. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $222,808.32. Following the sale, the chief operating officer owned 96,046 shares in the company, valued at approximately $7,076,669.28. The trade was a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,883 shares of company stock worth $1,547,778 in the last quarter. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on QTWO shares. Royal Bank Of Canada decreased their target price on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. UBS Group set a $90.00 price objective on Q2 in a research note on Thursday, November 6th. Wall Street Zen upgraded Q2 from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Finally, Needham & Company LLC dropped their price target on shares of Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.36.

Q2 Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.