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Brinker Capital Investments LLC raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO – Get Rating) by 26.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,723 shares of the technology company’s stock after purchasing an additional 6,690 shares during the period. Brinker Capital Investments LLC owned about 0.06% of Q2 worth $1,021,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Prudential Financial Inc. raised its position in shares of Q2 by 5.7% in the 1st quarter. Prudential Financial Inc. now owns 5,527 shares of the technology company’s stock valued at $340,000 after purchasing an additional 296 shares in the last quarter. Harbor Investment Advisory LLC raised its position in shares of Q2 by 50.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,117 shares of the technology company’s stock valued at $43,000 after acquiring an additional 373 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Q2 by 34.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,463 shares of the technology company’s stock valued at $56,000 after acquiring an additional 374 shares in the last quarter. Raymond James & Associates raised its position in shares of Q2 by 0.4% during the 3rd quarter. Raymond James & Associates now owns 109,237 shares of the technology company’s stock valued at $3,517,000 after acquiring an additional 400 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Q2 by 8.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,516 shares of the technology company’s stock valued at $251,000 after acquiring an additional 500 shares in the last quarter.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on QTWO shares. DA Davidson dropped their price target on Q2 from $74.00 to $58.00 in a research report on Wednesday, November 2nd. Robert W. Baird dropped their price target on Q2 to $32.00 in a research report on Wednesday, December 14th. Morgan Stanley dropped their target price on Q2 from $50.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 8th. Royal Bank of Canada lowered Q2 from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $38.00 to $32.00 in a research report on Tuesday, November 8th. Finally, Raymond James dropped their target price on Q2 from $65.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.92.
Q2 Price Performance
Q2 stock opened at $31.96 on Monday. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.53. Q2 Holdings, Inc. has a 12-month low of $20.93 and a 12-month high of $67.77. The firm has a 50 day simple moving average of $27.30 and a 200-day simple moving average of $33.69.
Q2 (NYSE:QTWO – Get Rating) last issued its quarterly earnings results on Monday, November 7th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. The company had revenue of $144.75 million for the quarter, compared to analysts’ expectations of $146.61 million. Q2 had a negative return on equity of 9.53% and a negative net margin of 18.50%. Equities analysts anticipate that Q2 Holdings, Inc. will post -0.78 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO David J. Mehok sold 1,202 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $27.03, for a total transaction of $32,490.06. Following the completion of the sale, the chief financial officer now directly owns 87,678 shares of the company’s stock, valued at $2,369,936.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO David J. Mehok sold 1,202 shares of Q2 stock in a transaction on Monday, December 12th. The stock was sold at an average price of $27.03, for a total value of $32,490.06. Following the transaction, the chief financial officer now directly owns 87,678 shares in the company, valued at approximately $2,369,936.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kirk L. Coleman sold 2,874 shares of the business’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $27.03, for a total value of $77,684.22. Following the sale, the insider now directly owns 106,029 shares in the company, valued at $2,865,963.87. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.
Q2 Company Profile
(Get Rating)
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.
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Want to see what other hedge funds are holding QTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Q2 Holdings, Inc. (NYSE:QTWO – Get Rating).
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