Q2 Holdings, Inc. $QTWO Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 25.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 105,251 shares of the technology company’s stock after selling 35,000 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Q2 were worth $7,619,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Asset Management One Co. Ltd. increased its position in shares of Q2 by 25.2% during the third quarter. Asset Management One Co. Ltd. now owns 1,616 shares of the technology company’s stock valued at $117,000 after acquiring an additional 325 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Q2 during the 3rd quarter worth approximately $30,000. Pacer Advisors Inc. acquired a new stake in Q2 in the 3rd quarter valued at approximately $90,000. Inspire Investing LLC raised its position in Q2 by 40.3% in the third quarter. Inspire Investing LLC now owns 7,363 shares of the technology company’s stock valued at $533,000 after purchasing an additional 2,115 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in Q2 during the third quarter worth $1,403,000.

Q2 Stock Performance

Shares of QTWO opened at $70.58 on Friday. Q2 Holdings, Inc. has a 1 year low of $58.57 and a 1 year high of $102.07. The stock has a market capitalization of $4.41 billion, a PE ratio of 147.04 and a beta of 1.35. The stock has a 50-day simple moving average of $71.83 and a 200-day simple moving average of $75.93.

Q2 (NYSE:QTWO) last released its 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). Q2 had a return on equity of 10.92% and a net margin of 4.12%.The firm had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $197.87 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts predict 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 Q2 stock in a transaction on Friday, December 12th. The shares were 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 approximately $12,564,995.52. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $222,808.32. Following the transaction, the chief operating officer owned 96,046 shares of the company’s stock, valued at approximately $7,076,669.28. The trade was a 3.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 20,883 shares of company stock worth $1,547,778. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

QTWO has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Q2 from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. UBS Group set a $90.00 target price on Q2 in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a research note on Wednesday, October 8th. Needham & Company LLC reduced their price target on shares of Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their price objective on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.36.

Q2 Company 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.