Strs Ohio Has $3.29 Million Holdings in Q2 Holdings, Inc. $QTWO

Strs Ohio lessened its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 17.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,400 shares of the technology company’s stock after selling 9,400 shares during the quarter. Strs Ohio owned approximately 0.07% of Q2 worth $3,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. boosted 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 valued at $68,000 after acquiring an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $2,803,000 after purchasing an additional 1,525 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Q2 by 21.6% during the first quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock worth $43,023,000 after purchasing an additional 95,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Q2 by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock valued at $14,907,000 after purchasing an additional 6,909 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Q2 in the second quarter valued at about $277,000.

Q2 Stock Performance

Shares of QTWO opened at $68.81 on Tuesday. The firm has a market cap of $4.30 billion, a P/E ratio of 143.36 and a beta of 1.35. Q2 Holdings, Inc. has a twelve month low of $58.57 and a twelve month high of $102.07. The firm’s 50 day moving average price is $71.41 and its two-hundred day moving average price is $73.64.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The company had revenue of $201.70 million for the quarter, compared to analyst estimates of $197.87 million. Q2 had a return on equity of 10.92% and a net margin of 4.12%.The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.20) earnings per share. On average, sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $75.46, for a total value of $386,581.58. Following the sale, the executive owned 166,512 shares of the company’s stock, valued at approximately $12,564,995.52. This trade represents a 2.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $630,627.12. Following the transaction, the insider directly owned 269,128 shares of the company’s stock, valued at approximately $19,829,351.04. This trade represents a 3.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 20,883 shares of company stock worth $1,547,778. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Wall Street Zen raised shares of Q2 from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Royal Bank Of Canada reduced their price target on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 6th. Finally, Stephens set a $90.00 price target on shares of Q2 in a report on Friday, January 16th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Q2 currently has an average rating of “Moderate Buy” and a consensus target price of $93.57.

About Q2

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.