Amalgamated Bank Raises Stock Holdings in Q2 Holdings, Inc. $QTWO

Amalgamated Bank grew its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 782.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,991 shares of the technology company’s stock after purchasing an additional 15,953 shares during the period. Amalgamated Bank’s holdings in Q2 were worth $1,302,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Q2 by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock valued at $2,803,000 after purchasing an additional 1,525 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Q2 by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock valued at $43,023,000 after purchasing an additional 95,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Q2 by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock worth $14,907,000 after purchasing an additional 6,909 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Q2 during the 2nd quarter worth $277,000.

Q2 Stock Down 0.0%

QTWO opened at $68.46 on Monday. Q2 Holdings, Inc. has a 52 week low of $58.57 and a 52 week high of $102.07. The business’s 50 day moving average is $71.43 and its two-hundred day moving average is $73.81. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 142.62 and a beta of 1.35.

Q2 (NYSE:QTWO) last posted 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 firm 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. Equities analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on QTWO shares. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Stifel Nicolaus lowered their price objective on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Royal Bank Of Canada dropped their price objective on Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a report on Thursday, November 6th. Cantor Fitzgerald cut their target price on Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Needham & Company LLC lowered their price target on Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Eight investment 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 an average rating of “Moderate Buy” and a consensus price target of $93.57.

Insider Buying and Selling

In other Q2 news, COO Himagiri K. Mukkamala sold 3,024 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kirk L. Coleman sold 8,559 shares of Q2 stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the completion of the transaction, the insider owned 269,128 shares in the company, valued at approximately $19,829,351.04. This represents a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,883 shares of company stock worth $1,547,778 in the last 90 days. Company insiders own 3.00% 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.