Lisanti Capital Growth LLC Reduces Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Lisanti Capital Growth LLC lessened its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,745 shares of the technology company’s stock after selling 8,740 shares during the period. Q2 makes up approximately 1.7% of Lisanti Capital Growth LLC’s portfolio, making the stock its 10th biggest holding. Lisanti Capital Growth LLC’s holdings in Q2 were worth $7,065,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. MCF Advisors LLC raised its position in Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after acquiring an additional 374 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Q2 by 2,582.4% in the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after purchasing an additional 878 shares during the period. RiverPark Advisors LLC lifted its stake in Q2 by 261.0% in the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock valued at $58,000 after purchasing an additional 963 shares during the last quarter. Criterion Capital Advisors LLC bought a new position in Q2 during the fourth quarter valued at $152,000. Finally, Teacher Retirement System of Texas purchased a new stake in Q2 in the third quarter worth $268,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird upped their price target on Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday. DA Davidson increased their target price on shares of Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday. Piper Sandler boosted their price target on shares of Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday. BTIG Research raised their price objective on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Needham & Company LLC boosted their target price on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.33.

Q2 Price Performance

NYSE QTWO traded up $1.18 during trading on Monday, reaching $61.54. The company’s stock had a trading volume of 1,054,439 shares, compared to its average volume of 644,549. The stock has a market capitalization of $3.70 billion, a PE ratio of -45.58 and a beta of 1.47. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a fifty day moving average of $51.09 and a 200 day moving average of $43.49. Q2 Holdings, Inc. has a one year low of $21.94 and a one year high of $61.84.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. Analysts expect that Q2 Holdings, Inc. will post -0.02 EPS for the current fiscal year.

Insider Transactions at Q2

In other Q2 news, President Kirk L. Coleman sold 2,904 shares of Q2 stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $46.01, for a total transaction of $133,613.04. Following the transaction, the president now directly owns 253,015 shares of the company’s stock, valued at $11,641,220.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Kirk L. Coleman sold 2,904 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $46.01, for a total transaction of $133,613.04. Following the completion of the sale, the president now owns 253,015 shares of the company’s stock, valued at $11,641,220.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director R. H. Seale sold 689 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $48.75, for a total transaction of $33,588.75. Following the sale, the director now owns 420,769 shares of the company’s stock, valued at $20,512,488.75. The disclosure for this sale can be found here. In the last three months, insiders sold 245,702 shares of company stock worth $11,164,992. 3.60% of the stock is currently owned by corporate insiders.

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.