Pembroke Management LTD Has $22.33 Million Stock Holdings in Q2 Holdings, Inc. $QTWO

Pembroke Management LTD raised its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 23.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,521 shares of the technology company’s stock after purchasing an additional 58,625 shares during the quarter. Q2 accounts for 2.2% of Pembroke Management LTD’s portfolio, making the stock its 19th largest holding. Pembroke Management LTD owned approximately 0.49% of Q2 worth $22,334,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC bought a new stake in Q2 during the 3rd quarter worth approximately $1,559,000. Nordea Investment Management AB boosted its stake in Q2 by 4.5% in the third quarter. Nordea Investment Management AB now owns 115,837 shares of the technology company’s stock worth $8,333,000 after purchasing an additional 5,022 shares in the last quarter. First Horizon Corp bought a new stake in shares of Q2 during the third quarter worth $37,000. New York State Teachers Retirement System bought a new stake in shares of Q2 during the third quarter worth $977,000. Finally, Bayforest Capital Ltd increased its stake in shares of Q2 by 13.9% in the third quarter. Bayforest Capital Ltd now owns 5,789 shares of the technology company’s stock valued at $419,000 after buying an additional 706 shares in the last quarter.

Q2 Price Performance

Shares of NYSE QTWO opened at $65.08 on Friday. Q2 Holdings, Inc. has a fifty-two week low of $58.57 and a fifty-two week high of $102.07. The firm has a market capitalization of $4.07 billion, a P/E ratio of 135.58 and a beta of 1.35. The company’s 50 day simple moving average is $72.08 and its 200 day simple moving average is $75.02.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.32). The business had revenue of $201.70 million for 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 revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) EPS. Sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on QTWO shares. Needham & Company LLC decreased their price objective on shares of Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Zacks Research lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a report on Wednesday, October 8th. Stifel Nicolaus dropped their price objective on shares of Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Finally, Cantor Fitzgerald decreased their price objective on Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Q2 has a consensus rating of “Moderate Buy” and an average target price of $93.57.

Insider Activity at Q2

In other news, insider Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $630,627.12. Following the completion of the sale, the insider directly owned 269,128 shares of the company’s stock, valued at $19,829,351.04. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 96,046 shares in the company, valued at $7,076,669.28. This represents a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,883 shares of company stock worth $1,547,778. 0.31% of the stock is owned by insiders.

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.