Jennison Associates LLC Sells 14,509 Shares of Q2 Holdings, Inc. $QTWO

Jennison Associates LLC reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,783 shares of the technology company’s stock after selling 14,509 shares during the period. Jennison Associates LLC’s holdings in Q2 were worth $79,144,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D raised its stake in Q2 by 10.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 31,034 shares of the technology company’s stock worth $2,239,000 after buying an additional 2,913 shares in the last quarter. Torren Management LLC bought a new position in Q2 in the fourth quarter worth about $131,000. M&T Bank Corp raised its stake in Q2 by 36.5% in the fourth quarter. M&T Bank Corp now owns 7,777 shares of the technology company’s stock worth $562,000 after buying an additional 2,078 shares in the last quarter. Comerica Bank raised its stake in Q2 by 30.8% in the fourth quarter. Comerica Bank now owns 247,503 shares of the technology company’s stock worth $17,860,000 after buying an additional 58,228 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in Q2 by 7.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,814 shares of the technology company’s stock worth $708,000 after buying an additional 695 shares in the last quarter.

Q2 Stock Down 3.2%

Shares of QTWO opened at $50.83 on Friday. The company has a market capitalization of $3.17 billion, a P/E ratio of 45.39 and a beta of 1.42. The firm has a 50 day moving average of $49.10 and a 200 day moving average of $60.63. Q2 Holdings, Inc. has a twelve month low of $44.65 and a twelve month high of $96.68.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). The firm had revenue of $216.51 million for the quarter, compared to the consensus estimate of $214.40 million. Q2 had a net margin of 8.99% and a return on equity of 14.61%. Q2’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. On average, sell-side analysts expect that Q2 Holdings, Inc. will post 1.56 EPS for the current year.

Insider Activity at Q2

In related news, CEO Matthew P. Flake sold 20,613 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $1,058,477.55. Following the completion of the sale, the chief executive officer owned 483,202 shares of the company’s stock, valued at $24,812,422.70. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Himagiri K. Mukkamala sold 1,343 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $68,963.05. Following the sale, the chief operating officer directly owned 92,910 shares of the company’s stock, valued at $4,770,928.50. This trade represents a 1.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 411,087 shares of company stock valued at $20,702,472 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on QTWO. Royal Bank Of Canada decreased their price target on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a research note on Thursday, February 12th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Q2 in a research note on Thursday. DA Davidson reissued a “buy” rating and issued a $82.00 price target on shares of Q2 in a research note on Tuesday. Truist Financial decreased their price target on shares of Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, UBS Group set a $77.00 target price on shares of Q2 in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

Q2 News Roundup

Here are the key news stories impacting Q2 this week:

• Positive Sentiment: Analyst upgrade — JPMorgan raised its price target to $80 and kept an “overweight” rating, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Needham reaffirmed a “buy” rating with a $70 target, another supportive analyst call on the stock. Benzinga
• Positive Sentiment: Revenue and margins beat/expanded — Q1 revenue of $216.5M topped consensus and rose ~14% year-over-year; GAAP gross margin improved materially versus the year-ago quarter, suggesting operational leverage. Business Wire: Q1 Results
• Neutral Sentiment: Guidance roughly in-line — Q2 and full-year revenue ranges were provided and sit near consensus (FY revenue guidance approx. $875–882M vs. Street ~876M), which limits upside surprise from guidance alone. MarketBeat: Earnings / Guidance
• Neutral Sentiment: Earnings call highlights & AI commentary — Management discussed strong revenue growth and AI-related initiatives on the call, which could support longer-term growth but may take time to translate to margins or EPS. Yahoo: Call Highlights
• Neutral Sentiment: Full call transcript and slide deck available — Useful for investors who want management commentary and KPIs in detail. Seeking Alpha: Transcript
• Negative Sentiment: EPS miss — Q1 EPS of $0.63 missed the consensus ~$0.71, which appears to be the primary driver of the intraday share weakness despite the revenue beat. Zacks: EPS Lag
• Negative Sentiment: Market reaction and volume — Shares declined today on the mixed print and EPS miss, with volume well above normal as investors adjusted positions. MarketBeat: Stock Quote

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.