Campbell & CO Investment Adviser LLC Buys Shares of 21,537 Q2 Holdings, Inc. $QTWO

Campbell & CO Investment Adviser LLC bought a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,537 shares of the technology company’s stock, valued at approximately $1,559,000.

Several other hedge funds have also made changes to their positions in QTWO. Nordea Investment Management AB boosted its position in Q2 by 4.5% during the 3rd quarter. Nordea Investment Management AB now owns 115,837 shares of the technology company’s stock valued at $8,333,000 after purchasing an additional 5,022 shares during the period. First Horizon Corp bought a new stake in Q2 in the 3rd quarter valued at about $37,000. New York State Teachers Retirement System bought a new stake in Q2 in the 3rd quarter valued at about $977,000. Bayforest Capital Ltd boosted its stake in Q2 by 13.9% during the 3rd quarter. Bayforest Capital Ltd now owns 5,789 shares of the technology company’s stock valued at $419,000 after purchasing an additional 706 shares during the period. Finally, Oregon Public Employees Retirement Fund bought a new position in Q2 in the 3rd quarter worth about $1,021,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on QTWO shares. Royal Bank Of Canada decreased their price objective on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a report on Thursday, November 6th. Stephens set a $90.00 price target on Q2 in a research note on Friday. Needham & Company LLC lowered their price target on Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of Q2 from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Q2 presently has an average rating of “Moderate Buy” and an average price target of $93.57.

Q2 Stock Down 2.6%

NYSE:QTWO opened at $65.08 on Friday. The business’s 50-day moving average price is $72.08 and its 200 day moving average price is $74.89. Q2 Holdings, Inc. has a 52-week low of $58.57 and a 52-week high of $102.07. The firm has a market cap of $4.07 billion, a P/E ratio of 135.58 and a beta of 1.35.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The business 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% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) earnings per share. Sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Activity

In other news, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $75.46, for a total transaction of $386,581.58. Following the completion of the sale, the executive directly owned 166,512 shares of the company’s stock, valued at $12,564,995.52. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 directly owned 96,046 shares in the company, valued at $7,076,669.28. This trade represents a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 20,883 shares of company stock worth $1,547,778. Insiders own 0.31% of the company’s stock.

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.