LMG Wealth Partners LLC Purchases Shares of 14,272 Q2 Holdings, Inc. (NYSE:QTWO)

LMG Wealth Partners LLC purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,272 shares of the technology company’s stock, valued at approximately $1,436,000.

Other hedge funds have also recently modified their holdings of the company. Conestoga Capital Advisors LLC grew its position in Q2 by 1.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after purchasing an additional 34,300 shares during the last quarter. State Street Corp lifted its stake in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC grew its holdings in shares of Q2 by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after buying an additional 19,520 shares during the last quarter. Emerald Advisers LLC increased its position in shares of Q2 by 2.6% in the 3rd quarter. Emerald Advisers LLC now owns 620,877 shares of the technology company’s stock valued at $49,527,000 after acquiring an additional 15,581 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Q2 by 139.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock worth $48,558,000 after acquiring an additional 354,524 shares during the last quarter.

Q2 Stock Performance

NYSE QTWO opened at $92.05 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a twelve month low of $41.23 and a twelve month high of $112.82. The stock has a 50-day moving average of $97.44 and a 200 day moving average of $88.94.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, equities research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QTWO has been the topic of a number of research reports. Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Compass Point increased their price target on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. DA Davidson lifted their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Truist Financial reiterated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Finally, Royal Bank of Canada boosted their target price on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Q2 currently has an average rating of “Moderate Buy” and a consensus target price of $102.13.

Insider Activity

In other news, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now owns 337,643 shares of the company’s stock, valued at $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Q2 Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.