Ameriprise Financial Inc. boosted its holdings in shares of Q2 Holdings Inc (NYSE:QTWO) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 264,591 shares of the technology company’s stock after buying an additional 7,676 shares during the period. Ameriprise Financial Inc. owned approximately 0.63% of Q2 worth $11,020,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its holdings in Q2 by 38.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after acquiring an additional 759 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Q2 by 16,455.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after acquiring an additional 2,962 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Q2 in the 2nd quarter valued at approximately $111,000. BNP Paribas Arbitrage SA raised its holdings in Q2 by 2,468.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock valued at $128,000 after acquiring an additional 3,332 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Q2 by 36.9% in the 2nd quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock valued at $131,000 after acquiring an additional 959 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.
Q2 Holdings Inc (NYSE QTWO) traded up $0.25 on Thursday, hitting $37.45. The company’s stock had a trading volume of 493,625 shares, compared to its average volume of 262,741. The firm has a market cap of $1,550.00, a P/E ratio of -54.28 and a beta of 1.52. Q2 Holdings Inc has a 1 year low of $28.90 and a 1 year high of $44.35.
Q2 (NYSE:QTWO) last released its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $50.10 million for the quarter, compared to the consensus estimate of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. Q2’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) earnings per share. equities analysts forecast that Q2 Holdings Inc will post -0.48 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on QTWO shares. KeyCorp reissued a “hold” rating on shares of Q2 in a report on Wednesday, September 13th. JPMorgan Chase & Co. cut Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Tuesday, December 12th. BidaskClub upgraded Q2 from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Zacks Investment Research lowered Q2 from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, BTIG Research reiterated a “buy” rating and issued a $47.00 price objective on shares of Q2 in a research report on Sunday, November 5th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.36.
In other news, EVP John E. Breeden sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $43.14, for a total transaction of $431,400.00. Following the completion of the sale, the executive vice president now owns 64,694 shares in the company, valued at $2,790,899.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carl James Schaper sold 20,000 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $36.86, for a total value of $737,200.00. Following the completion of the sale, the director now owns 42,274 shares of the company’s stock, valued at $1,558,219.64. The disclosure for this sale can be found here. Insiders have sold 940,086 shares of company stock valued at $38,783,190 in the last quarter. 24.50% of the stock is currently owned by corporate insiders.
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Q2 Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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