Emerald Advisers LLC Has $36.41 Million Stake in Q2 Holdings, Inc. $QTWO

Emerald Advisers LLC lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 502,949 shares of the technology company’s stock after selling 9,067 shares during the period. Q2 accounts for 1.2% of Emerald Advisers LLC’s portfolio, making the stock its 25th largest position. Emerald Advisers LLC owned 0.81% of Q2 worth $36,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Q2 in the 2nd quarter valued at $26,000. Salomon & Ludwin LLC bought a new position in Q2 in the third quarter valued at about $30,000. First Horizon Corp acquired a new stake in Q2 in the third quarter worth about $37,000. Northwestern Mutual Wealth Management Co. increased its position in Q2 by 592.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock worth $59,000 after purchasing an additional 539 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings 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 last quarter.

Q2 Price Performance

NYSE:QTWO opened at $65.37 on Thursday. The business’s 50-day simple moving average is $71.57 and its 200-day simple moving average is $74.31. Q2 Holdings, Inc. has a fifty-two week low of $58.57 and a fifty-two week high of $102.07. The stock has a market capitalization of $4.09 billion, a PE ratio of 136.19 and a beta of 1.35.

Q2 (NYSE:QTWO) last announced 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 company had revenue of $201.70 million during the quarter, compared to the consensus estimate of $197.87 million. Q2 had a net margin of 4.12% and a return on equity of 10.92%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) EPS. On average, research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC reduced their target price 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. Stephens set a $90.00 price objective on shares of Q2 in a research note on Friday, January 16th. JPMorgan Chase & Co. lowered their target price 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. UBS Group set a $90.00 price target on Q2 in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $93.57.

Insiders Place Their Bets

In related news, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $75.46, for a total value of $386,581.58. Following the sale, the executive owned 166,512 shares of the company’s stock, valued at approximately $12,564,995.52. This trade represents a 2.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $222,808.32. Following the transaction, 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. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 20,883 shares of company stock worth $1,547,778. Corporate 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.