32,400 Shares in Q2 Holdings, Inc. $QTWO Purchased by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors acquired 32,400 shares of Q2 Holdings in the third quarter, worth approximately $1.8 million, while several other institutional investors also increased their positions.
• Analyst sentiment remains generally positive, with Q2 carrying a “Moderate Buy” consensus rating and an average price target of $74.83, despite two firms downgrading the stock to “Hold.”
• Q2 reported quarterly earnings of $0.70 per share, beating estimates, while revenue rose 12.6% year over year to $219.77 million. The stock opened at $69.20 and remained below its 12-month high of $76.24.

Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,400 shares of the technology company's stock, valued at approximately $1,796,000. Cantor Fitzgerald Investment Advisors L.P. owned approximately 0.05% of Q2 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QTWO. Assenagon Asset Management S.A. boosted its holdings in shares of Q2 by 119.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company's stock valued at $57,253,000 after acquiring an additional 657,707 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Q2 by 34.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,009,773 shares of the technology company's stock valued at $47,760,000 after acquiring an additional 259,912 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Q2 by 7.8% during the first quarter. The Manufacturers Life Insurance Company now owns 698,693 shares of the technology company's stock worth $33,048,000 after purchasing an additional 50,473 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Q2 by 139.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 516,246 shares of the technology company's stock worth $24,418,000 after acquiring an additional 300,375 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Q2 by 73.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 488,080 shares of the technology company's stock worth $23,086,000 after purchasing an additional 205,970 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research cut Q2 from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Wall Street Zen lowered Q2 from a "buy" rating to a "hold" rating in a research report on Sunday, October 18th. Stifel Nicolaus increased their target price on Q2 from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price target on shares of Q2 from $67.00 to $73.00 and gave the company a "sector perform" rating in a research report on Monday, August 31st. Finally, Weiss Ratings upgraded shares of Q2 from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.83.

Q2 Stock Up 4.2%

QTWO opened at $69.20 on Friday. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 49.43 and a beta of 1.34. The company's 50-day moving average price is $60.92 and its two-hundred day moving average price is $54.26. Q2 Holdings, Inc. has a twelve month low of $40.79 and a twelve month high of $76.24.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $216.86 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The company's revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Q2 Holdings, Inc. will post 1.80 earnings per share for the current year.

Insider Activity

In other news, General Counsel Michael S. Kerr sold 636 shares of the firm'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 completion of the transaction, the general counsel directly owned 80,739 shares in the company, valued at approximately $4,921,849.44. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 company's 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 sale, the insider directly owned 113,913 shares in the company, valued at $7,184,492.91. This trade represents a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 87,816 shares of company stock worth $5,740,968 over the last ninety days. Company insiders own 0.88% of the company's stock.

Q2 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.

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