15,000 Q2 Holdings, Inc. $QTWO Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Q2 Holdings stake by 30%, purchasing 15,000 additional shares and bringing its total to 65,000 shares valued at approximately $3.6 million.
• Q2 reported quarterly earnings of $0.70 per share, exceeding the $0.68 consensus estimate, while revenue rose 12.6% year over year to $219.77 million.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $74.83 versus the stock’s reported $69.25 price.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 30.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the technology company's stock after acquiring an additional 15,000 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Q2 worth $3,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Q2 by 48.1% in the second quarter. Allworth Financial LP now owns 1,120 shares of the technology company's stock worth $54,000 after acquiring an additional 364 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Q2 by 45.2% during the second quarter. Versant Capital Management Inc now owns 1,570 shares of the technology company's stock worth $76,000 after purchasing an additional 489 shares during the period. Pacer Advisors Inc. raised its position in shares of Q2 by 42.6% during the first quarter. Pacer Advisors Inc. now owns 1,656 shares of the technology company's stock worth $78,000 after purchasing an additional 495 shares during the period. Root Financial Partners LLC bought a new position in shares of Q2 during the 1st quarter valued at about $25,000. Finally, Swiss National Bank lifted its holdings in shares of Q2 by 0.5% during the 1st quarter. Swiss National Bank now owns 123,700 shares of the technology company's stock valued at $5,851,000 after purchasing an additional 600 shares in the last quarter.

Q2 Trading Down 0.2%

Shares of QTWO opened at $69.25 on Monday. Q2 Holdings, Inc. has a 12 month low of $40.79 and a 12 month high of $76.24. The firm has a fifty day simple moving average of $61.02 and a 200 day simple moving average of $54.41. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 49.47 and a beta of 1.34.

Q2 (NYSE:QTWO - Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The business had revenue of $219.77 million during the quarter, compared to the consensus estimate of $216.86 million. During the same quarter last year, the firm earned $0.18 earnings per share. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, research analysts predict that Q2 Holdings, Inc. will post 1.80 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on QTWO shares. Piper Sandler reiterated an "overweight" rating and issued a $82.00 price objective on shares of Q2 in a research report on Tuesday, September 22nd. DA Davidson restated a "buy" rating and set a $82.00 target price on shares of Q2 in a report on Thursday, July 23rd. Stephens initiated coverage on shares of Q2 in a research note on Thursday, October 15th. They issued an "overweight" rating and a $74.00 price target on the stock. Needham & Company LLC lifted their price target on shares of Q2 from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, UBS Group set a $68.00 price target on shares of Q2 in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Q2 presently has an average rating of "Moderate Buy" and a consensus price target of $74.83.

Insider Activity

In related news, insider Kimberly Rutledge sold 10,000 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.07, for a total transaction of $630,700.00. Following the sale, the insider owned 113,913 shares in the company, valued at approximately $7,184,492.91. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Michael S. Kerr sold 636 shares of the company's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $60.96, for a total value of $38,770.56. Following the sale, the general counsel owned 80,739 shares in the company, valued at $4,921,849.44. The trade was a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 87,816 shares of company stock worth $5,740,968 in the last quarter. Corporate insiders own 0.88% of the company's stock.

Q2 Company Profile

Q2 Holdings, Inc is a financial technology company that provides cloud-based software to banks, credit unions and other financial institutions. Its platform is designed to help these organizations deliver digital banking experiences, manage customer relationships and expand access to financial services through online and mobile channels.

The company's products and services include digital banking, account opening, lending and loan origination, payments, data and analytics, financial crime prevention, and tools for managing customer engagement.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.