MCF Advisors LLC Buys 374 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

MCF Advisors LLC lifted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 156.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613 shares of the technology company’s stock after buying an additional 374 shares during the period. MCF Advisors LLC’s holdings in Q2 were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of QTWO. Counterpoint Mutual Funds LLC purchased a new stake in shares of Q2 during the third quarter valued at $97,000. Coronation Fund Managers Ltd. boosted its position in shares of Q2 by 9.1% during the third quarter. Coronation Fund Managers Ltd. now owns 395,778 shares of the technology company’s stock valued at $12,772,000 after buying an additional 33,076 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Q2 by 29.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,439 shares of the technology company’s stock valued at $305,000 after buying an additional 2,123 shares during the last quarter. Washington Capital Management Inc. purchased a new stake in shares of Q2 during the third quarter valued at $526,000. Finally, Oak Ridge Investments LLC purchased a new stake in shares of Q2 during the third quarter valued at $2,906,000.

Insider Activity at Q2

In other Q2 news, CEO Matthew P. Flake sold 45,000 shares of Q2 stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the sale, the chief executive officer now owns 473,411 shares of the company’s stock, valued at approximately $19,452,457.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Q2 news, CEO Matthew P. Flake sold 45,000 shares of Q2 stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the sale, the chief executive officer now owns 473,411 shares of the company’s stock, valued at approximately $19,452,457.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 46,937 shares of Q2 stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $42.20, for a total value of $1,980,741.40. Following the completion of the sale, the chief executive officer now directly owns 473,411 shares in the company, valued at approximately $19,977,944.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 337,639 shares of company stock valued at $14,994,784. 3.60% of the stock is owned by company insiders.

Q2 Trading Up 3.5 %

NYSE QTWO opened at $51.75 on Tuesday. The stock’s 50-day moving average price is $48.85 and its 200-day moving average price is $41.91. Q2 Holdings, Inc. has a 52 week low of $21.21 and a 52 week high of $53.96. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.09.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. The company had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. Equities research analysts predict that Q2 Holdings, Inc. will post -0.05 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on QTWO shares. DA Davidson raised their target price on Q2 from $48.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. TheStreet raised Q2 from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Truist Financial reissued a “buy” rating and issued a $60.00 target price (up from $50.00) on shares of Q2 in a research report on Friday. Stifel Nicolaus raised their target price on Q2 from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Piper Sandler raised their target price on Q2 from $41.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.33.

Q2 Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.