17,906 Q2 Holdings, Inc. $QTWO Shares Sold by Smith Group Asset Management LLC

Key Points

• Smith Group Asset Management cut its Q2 Holdings stake by 59.2%, selling 17,906 shares during the third quarter and retaining 12,335 shares valued at approximately $684,000.
• Q2 reported better-than-expected quarterly results, with adjusted EPS of $0.74 and revenue of $225.8 million; revenue increased 11.9% year over year. Investors are also focused on the company’s AI-driven banking and fraud-prevention initiatives.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $74.83, although insiders sold 87,816 shares worth about $5.7 million over the past three months.

Smith Group Asset Management LLC decreased its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 59.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,335 shares of the technology company's stock after selling 17,906 shares during the quarter. Smith Group Asset Management LLC's holdings in Q2 were worth $684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Wealth Advisors LLC purchased a new position in Q2 in the 3rd quarter valued at about $254,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Q2 during the 3rd quarter worth approximately $1,796,000. Crossmark Global Holdings Inc. acquired a new position in shares of Q2 during the third quarter valued at approximately $378,000. Nisa Investment Advisors LLC raised its holdings in shares of Q2 by 32.1% during the third quarter. Nisa Investment Advisors LLC now owns 2,859 shares of the technology company's stock valued at $159,000 after acquiring an additional 695 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Q2 by 30.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 65,000 shares of the technology company's stock valued at $3,604,000 after acquiring an additional 15,000 shares in the last quarter.

Insider Buying and Selling at Q2

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

More Q2 News

Here are the key news stories impacting Q2 this week:

• Positive Sentiment: Quarterly results exceeded expectations. Q2 reported adjusted earnings of $0.74 per share, above the $0.71–$0.72 analyst consensus and up from $0.57 a year earlier. Revenue reached approximately $225.8 million, surpassing estimates near $221.2 million. The earnings and revenue beats indicate continued demand for Q2’s digital-banking and financial-technology platform. Q2 Holdings Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Artificial-intelligence initiatives are supporting the bullish case. Recent investor discussions have focused on AI-powered banking infrastructure, personal AI agents and fraud prevention. Some market commentary argues that these products could expand Q2’s growth opportunity and contribute to further operating improvement. Q2 Holdings Agentic Banking and Fraud Investor Briefing

Analysts Set New Price Targets

Several research firms have recently weighed in on QTWO. Morgan Stanley raised their price target on shares of Q2 from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Piper Sandler reaffirmed an "overweight" rating and set a $82.00 price objective on shares of Q2 in a research note on Tuesday, September 22nd. Zacks Research downgraded shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Needham & Company LLC increased their price objective on shares of Q2 from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada raised their target price on shares of Q2 from $67.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $74.83.

Q2 Price Performance

Shares of QTWO stock opened at $67.79 on Thursday. The firm's 50-day moving average is $61.34 and its two-hundred day moving average is $54.79. Q2 Holdings, Inc. has a 12 month low of $40.79 and a 12 month high of $76.24. The company has a market capitalization of $4.23 billion, a PE ratio of 48.42 and a beta of 1.34.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The firm had revenue of $225.77 million for the quarter, compared to analyst estimates of $221.23 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts forecast that Q2 Holdings, Inc. will post 1.80 EPS for the current year.

About Q2

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.

Want to see what other hedge funds are holding QTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Q2 Holdings, Inc. (NYSE:QTWO - Free Report).

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.