Q2 Holdings, Inc. $QTWO Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC lowered its position in Q2 Holdings, Inc. (NYSE:QTWO) by 30.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 803,197 shares of the technology company’s stock after selling 350,451 shares during the quarter. Q2 accounts for 2.4% of Brown Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Brown Capital Management LLC owned 1.29% of Q2 worth $58,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QTWO. Headlands Technologies LLC acquired a new position in shares of Q2 in the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. purchased a new position in Q2 in the third quarter valued at approximately $27,000. Salomon & Ludwin LLC acquired a new position in Q2 during the third quarter valued at approximately $30,000. First Horizon Corp purchased a new stake in Q2 during the third quarter worth approximately $37,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Q2 by 592.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock worth $59,000 after acquiring an additional 539 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on QTWO. UBS Group set a $90.00 target price on shares of Q2 in a report on Thursday, November 6th. Stifel Nicolaus cut their price objective on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Royal Bank Of Canada decreased their target price on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research report on Thursday, November 6th. Zacks Research lowered Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Cantor Fitzgerald reduced their price target 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 given a Hold rating to the company. Based on data from MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and an average target price of $93.57.

Q2 Stock Performance

Shares of NYSE QTWO opened at $60.54 on Tuesday. Q2 Holdings, Inc. has a 1 year low of $58.57 and a 1 year high of $102.07. The stock’s 50-day simple moving average is $70.64 and its 200-day simple moving average is $72.68. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 126.12 and a beta of 1.36.

Q2 (NYSE:QTWO) last issued its quarterly earnings data 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 net margin of 4.12% and a return on equity of 10.92%. The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $197.87 million. During the same quarter last year, the business earned ($0.20) EPS. Q2’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $75.46, for a total value of $386,581.58. Following the completion of the sale, the executive 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 available at the SEC website. Also, insider Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the completion of the sale, the insider owned 269,128 shares in the company, valued at approximately $19,829,351.04. This trade represents a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,883 shares of company stock valued at $1,547,778 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

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.