Tidal Investments LLC Increases Position in Q2 Holdings, Inc. $QTWO

Tidal Investments LLC increased its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 22.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 251,079 shares of the technology company’s stock after buying an additional 45,927 shares during the quarter. Tidal Investments LLC’s holdings in Q2 were worth $12,077,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Q2 during the 2nd quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Q2 in the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Q2 in the 4th quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new position in shares of Q2 in the first quarter valued at approximately $25,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings 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 valued at $59,000 after purchasing an additional 539 shares during the period.

Insider Transactions at Q2

In related news, insider Kimberly Rutledge sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.07, for a total value of $630,700.00. Following the sale, the insider owned 113,913 shares in the company, valued at $7,184,492.91. This represents a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan Price sold 77,180 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $65.71, for a total value of $5,071,497.80. Following the completion of the transaction, the chief financial officer directly owned 207,633 shares of the company’s stock, valued at $13,643,564.43. The trade was a 27.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,816 shares of company stock valued at $5,740,968 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Q2 Stock Up 1.0%

Shares of NYSE QTWO opened at $60.91 on Friday. Q2 Holdings, Inc. has a 52 week low of $40.79 and a 52 week high of $85.13. The firm has a 50-day moving average price of $60.02 and a 200 day moving average price of $52.09. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 43.51 and a beta of 1.33.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The company had revenue of $219.77 million for the quarter, compared to analyst estimates of $216.86 million. During the same period in the prior year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities research analysts expect that Q2 Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on QTWO shares. UBS Group set a $68.00 price target on Q2 in a report on Friday, July 31st. Stifel Nicolaus boosted their price objective on shares of Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Zacks Research upgraded shares of Q2 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. DA Davidson restated a “buy” rating and issued a $82.00 target price on shares of Q2 in a research note on Thursday, July 23rd. Finally, Piper Sandler initiated coverage on shares of Q2 in a report on Thursday. They issued an “overweight” rating and a $82.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.17.

Q2 Profile

Q2 Holdings, Inc provides digital transformation solutions for banks, credit unions, fintech companies and other financial institutions. Its cloud-based technology is designed to help these organizations deliver digital banking experiences across online and mobile channels while supporting customer engagement, account opening and financial product access.

The company’s offerings include digital banking software, lending and loan-origination technology, financial data and analytics tools, and solutions for payment, fraud and financial crime management.