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

TimesSquare Capital Management LLC reduced its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 4.4% in the 4th quarter, HoldingsChannel reports. The fund owned 368,010 shares of the technology company’s stock after selling 17,109 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Q2 were worth $26,556,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in shares of Q2 in the 2nd quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Q2 in the 3rd quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Q2 in the 3rd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Q2 by 592.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after purchasing an additional 539 shares during the period. Finally, Quarry LP boosted its position in shares of Q2 by 92.5% in the 3rd quarter. Quarry LP now owns 697 shares of the technology company’s stock valued at $50,000 after purchasing an additional 335 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on QTWO shares. Royal Bank Of Canada decreased their target price on Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, February 12th. Stifel Nicolaus set a $70.00 target price on Q2 in a research report on Thursday, April 30th. Cantor Fitzgerald decreased their target price on Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. DA Davidson reissued a “buy” rating and issued a $82.00 target price on shares of Q2 in a research report on Monday, May 4th. Finally, Morgan Stanley set a $63.00 target price on Q2 in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.27.

Insider Activity at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 2,821 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $51.35, for a total transaction of $144,858.35. Following the completion of the sale, the general counsel directly owned 47,227 shares of the company’s stock, valued at approximately $2,425,106.45. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Anne Rutledge sold 3,187 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.37, for a total value of $160,529.19. Following the sale, the insider directly owned 80,551 shares of the company’s stock, valued at $4,057,353.87. The trade was a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 411,484 shares of company stock worth $20,720,329 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Q2 Trading Up 3.7%

Q2 stock opened at $46.85 on Tuesday. Q2 Holdings, Inc. has a twelve month low of $44.46 and a twelve month high of $96.68. The stock has a 50 day moving average of $48.84 and a two-hundred day moving average of $59.68. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 41.83 and a beta of 1.39.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Q2 had a return on equity of 14.68% and a net margin of 8.99%.The company had revenue of $216.51 million for the quarter, compared to analyst estimates of $214.40 million. During the same period in the previous year, the business posted $0.07 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. Equities analysts predict that Q2 Holdings, Inc. will post 1.57 earnings per share for the current year.

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.