27,700 Shares in Q2 Holdings, Inc. $QTWO Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Q2 Holdings, Inc. (NYSE:QTWO) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,700 shares of the technology company’s stock, valued at approximately $1,310,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital Research Global Investors lifted its holdings in shares of Q2 by 86.2% in the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock worth $226,658,000 after buying an additional 1,454,076 shares in the last quarter. North Reef Capital Management LP increased its holdings in Q2 by 101.1% during the 3rd quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock worth $122,339,000 after acquiring an additional 849,480 shares during the period. UBS Group AG increased its holdings in Q2 by 343.5% during the 3rd quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock worth $73,110,000 after acquiring an additional 782,220 shares during the period. Assenagon Asset Management S.A. lifted its stake in Q2 by 119.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock worth $57,253,000 after purchasing an additional 657,707 shares in the last quarter. Finally, Norges Bank bought a new position in Q2 in the 4th quarter valued at $44,960,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on QTWO shares. JPMorgan Chase & Co. lowered their price target on Q2 from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, June 22nd. Stifel Nicolaus set a $70.00 price objective on shares of Q2 in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Tuesday, April 21st. Zacks Research lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Wall Street Zen cut shares of Q2 from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and an average price target of $73.45.

Q2 Stock Down 0.5%

Shares of QTWO stock opened at $52.37 on Friday. The business has a 50-day moving average price of $46.86 and a two-hundred day moving average price of $53.99. Q2 Holdings, Inc. has a 12-month low of $40.79 and a 12-month high of $95.10. The firm has a market cap of $3.28 billion, a P/E ratio of 46.76 and a beta of 1.33.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.63 EPS 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 14.68%. Q2’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. As a group, research analysts expect that Q2 Holdings, Inc. will post 1.57 EPS for the current fiscal 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.