Louisiana State Employees Retirement System Buys New Holdings in Q2 Holdings, Inc. $QTWO

Louisiana State Employees Retirement System purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,700 shares of the technology company’s stock, valued at approximately $2,078,000.

A number of other hedge funds also recently made changes to their positions in QTWO. Dakota Wealth Management increased its holdings in shares of Q2 by 3.8% during the 2nd quarter. Dakota Wealth Management now owns 3,350 shares of the technology company’s stock worth $314,000 after acquiring an additional 123 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Q2 by 18.1% during the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock worth $94,000 after purchasing an additional 154 shares during the period. ANB Bank increased its holdings in shares of Q2 by 7.1% in the second quarter. ANB Bank now owns 2,710 shares of the technology company’s stock valued at $254,000 after purchasing an additional 179 shares during the last quarter. Hilltop National Bank raised its position in shares of 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. Finally, California State Teachers Retirement System lifted its stake in shares of Q2 by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after buying an additional 194 shares during the last quarter.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 5,123 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $75.46, for a total transaction of $386,581.58. Following the sale, the executive directly owned 166,512 shares in the company, valued at $12,564,995.52. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the company’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 transaction of $222,808.32. Following the sale, the chief operating officer directly owned 96,046 shares of the company’s stock, valued at approximately $7,076,669.28. This trade represents a 3.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,883 shares of company stock valued at $1,547,778 over the last quarter. 0.31% of the stock is owned by company insiders.

Q2 Price Performance

Shares of NYSE:QTWO opened at $70.58 on Friday. The business’s 50 day simple moving average is $71.83 and its 200 day simple moving average is $75.80. Q2 Holdings, Inc. has a 1 year low of $58.57 and a 1 year high of $102.07. The company has a market capitalization of $4.41 billion, a P/E ratio of 147.04 and a beta of 1.35.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). The company had revenue of $201.70 million during the quarter, compared to analyst estimates of $197.87 million. Q2 had a net margin of 4.12% and a return on equity of 10.92%. Q2’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.20) earnings per share. On average, sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on QTWO shares. JPMorgan Chase & Co. decreased their price target on shares of Q2 from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 24th. Stifel Nicolaus decreased their target price on 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. Zacks Research raised Q2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, Needham & Company LLC lowered their price objective on Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.