Strs Ohio Decreases Stake in Q2 Holdings, Inc. $QTWO

Strs Ohio cut its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 25.9% during the first quarter, HoldingsChannel.com reports. The fund owned 30,000 shares of the technology company’s stock after selling 10,500 shares during the period. Strs Ohio’s holdings in Q2 were worth $1,419,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QTWO. Root Financial Partners LLC acquired a new stake in Q2 in the 1st quarter valued at about $25,000. Headlands Technologies LLC acquired a new position in shares of Q2 during the 2nd quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Q2 in the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Q2 in the fourth quarter valued at approximately $27,000. Finally, Quarry LP increased its holdings in shares of Q2 by 92.5% in the third quarter. Quarry LP now owns 697 shares of the technology company’s stock valued at $50,000 after purchasing an additional 335 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QTWO. JPMorgan Chase & Co. reduced their price objective on Q2 from $80.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, June 22nd. Zacks Research downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. UBS Group set a $77.00 price target on Q2 in a report on Thursday, April 30th. Robert W. Baird set a $74.00 price target on shares of Q2 in a research report on Thursday, April 30th. Finally, DA Davidson restated a “buy” rating and set a $82.00 price objective on shares of Q2 in a research report on Monday, June 1st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.45.

Q2 Stock Performance

QTWO opened at $54.01 on Wednesday. The stock has a market capitalization of $3.38 billion, a PE ratio of 48.23 and a beta of 1.33. Q2 Holdings, Inc. has a one year low of $40.79 and a one year high of $95.10. The business’s 50 day moving average price is $47.07 and its 200 day moving average price is $53.58.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.08). Q2 had a return on equity of 14.68% and a net margin of 8.99%.The business had revenue of $216.51 million for the quarter, compared to analyst estimates of $214.40 million. During the same period last year, the business earned $0.07 EPS. Q2’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts forecast that Q2 Holdings, Inc. will post 1.57 earnings per share 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.