Thrivent Financial for Lutherans raised its holdings in shares of Q2 Holdings (NYSE:QTWO) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 412,333 shares of the technology company’s stock after purchasing an additional 2,948 shares during the quarter. Thrivent Financial for Lutherans owned 0.97% of Q2 worth $18,782,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Jefferies Group LLC bought a new stake in shares of Q2 in the fourth quarter valued at about $201,000. Virtu Financial LLC bought a new stake in shares of Q2 in the fourth quarter valued at about $205,000. Aperio Group LLC bought a new stake in shares of Q2 in the first quarter valued at about $230,000. HBK Investments L P raised its holdings in shares of Q2 by 65.0% in the fourth quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock valued at $365,000 after acquiring an additional 3,900 shares in the last quarter. Finally, California Public Employees Retirement System bought a new stake in shares of Q2 in the third quarter valued at about $367,000. Institutional investors and hedge funds own 89.44% of the company’s stock.
In other Q2 news, CEO Matthew P. Flake sold 45,150 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $43.13, for a total value of $1,947,319.50. Following the completion of the transaction, the chief executive officer now directly owns 201,761 shares in the company, valued at $8,701,951.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Barry G. Benton sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now owns 35,716 shares of the company’s stock, valued at $1,785,800. The disclosure for this sale can be found here. Insiders sold 366,561 shares of company stock valued at $16,619,762 over the last quarter. 24.50% of the stock is currently owned by corporate insiders.
Several analysts recently weighed in on QTWO shares. ValuEngine upgraded Q2 from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Needham & Company LLC lifted their price objective on Q2 from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, February 16th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price objective on shares of Q2 in a report on Friday, February 16th. Zacks Investment Research upgraded Q2 from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Thursday, May 3rd. Finally, Loop Capital lifted their price objective on Q2 to $61.00 and gave the company a “buy” rating in a report on Friday, May 4th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $50.25.
Shares of Q2 stock opened at $57.50 on Friday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -119.79 and a beta of 1.40. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 1.13. Q2 Holdings has a one year low of $31.95 and a one year high of $58.60.
Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, May 2nd. The technology company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. The business had revenue of $54.80 million during the quarter, compared to the consensus estimate of $53.01 million. Q2 had a negative net margin of 12.32% and a negative return on equity of 16.28%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) earnings per share. sell-side analysts anticipate that Q2 Holdings will post -0.5 EPS for the current year.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.
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