TimesSquare Capital Management LLC Grows Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

TimesSquare Capital Management LLC grew its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 9.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 375,700 shares of the technology company’s stock after acquiring an additional 31,175 shares during the period. TimesSquare Capital Management LLC’s holdings in Q2 were worth $37,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Conestoga Capital Advisors LLC raised its stake in shares of Q2 by 1.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock valued at $184,125,000 after acquiring an additional 34,300 shares during the period. State Street Corp raised its stake in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC raised its stake in shares of Q2 by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after acquiring an additional 19,520 shares during the period. Emerald Advisers LLC raised its stake 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 shares of Q2 by 139.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock valued at $48,558,000 after acquiring an additional 354,524 shares during the period.

Insider Transactions at Q2

In related news, CRO Michael A. Volanoski sold 4,178 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the completion of the sale, the executive now owns 223,494 shares in the company, valued at $23,690,364. This represents a 1.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Offerdahl sold 548 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Compass Point lifted their price objective on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial restated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a report on Wednesday, December 18th. Finally, Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.13.

Q2 Trading Up 2.9 %

Shares of NYSE:QTWO opened at $93.74 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 Holdings, Inc. has a twelve month low of $41.23 and a twelve month high of $112.82. The firm has a 50 day simple moving average of $97.97 and a 200-day simple moving average of $88.73.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, research analysts expect that Q2 Holdings, Inc. will post 0.43 EPS for the current year.

Q2 Company 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.