Mutual of America Capital Management LLC Purchases 8,268 Shares of Q2 Holdings, Inc. $QTWO

Mutual of America Capital Management LLC boosted its position in Q2 Holdings, Inc. (NYSE:QTWO) by 14.3% during the third quarter, HoldingsChannel.com reports. The fund owned 65,908 shares of the technology company’s stock after buying an additional 8,268 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Q2 were worth $4,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Q2 in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in Q2 in the third quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new stake in Q2 in the third quarter valued at about $30,000. First Horizon Corp bought a new position in Q2 in the third quarter valued at about $37,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Q2 by 592.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock worth $59,000 after acquiring an additional 539 shares in the last quarter.

Analysts Set New Price Targets

QTWO has been the topic of several research reports. UBS Group set a $90.00 price target on shares of Q2 in a report on Thursday, November 6th. Needham & Company LLC decreased their target price on shares of Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Zacks Research downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Stifel Nicolaus cut their price objective on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Finally, Cantor Fitzgerald lowered their target price on Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.57.

Q2 Stock Down 5.7%

Shares of Q2 stock opened at $61.36 on Friday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 127.83 and a beta of 1.35. Q2 Holdings, Inc. has a twelve month low of $58.57 and a twelve month high of $102.07. The company’s fifty day moving average is $71.06 and its 200 day moving average is $73.33.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.32). The company had revenue of $201.70 million for the quarter, compared to analyst estimates of $197.87 million. Q2 had a return on equity of 10.92% and a net margin of 4.12%.The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) earnings per share. As a group, equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity at Q2

In other Q2 news, COO Himagiri K. Mukkamala sold 3,024 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $222,808.32. Following the completion of the sale, the chief operating officer owned 96,046 shares of the company’s stock, valued at approximately $7,076,669.28. This represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $75.46, for a total transaction of $386,581.58. Following the completion of the transaction, the executive owned 166,512 shares in the company, valued at $12,564,995.52. This trade represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,883 shares of company stock worth $1,547,778 over the last ninety days. Insiders own 0.31% of the company’s stock.

About Q2

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.