Dimensional Fund Advisors LP Buys 259,912 Shares of Q2 Holdings, Inc. $QTWO

Dimensional Fund Advisors LP raised its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 34.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,009,773 shares of the technology company's stock after acquiring an additional 259,912 shares during the period. Dimensional Fund Advisors LP owned about 1.61% of Q2 worth $47,760,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QTWO. Root Financial Partners LLC bought a new position in shares of Q2 during the first quarter valued at $25,000. Headlands Technologies LLC bought a new position in shares of Q2 in the second quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Q2 during the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in Q2 in the fourth quarter valued at about $27,000. Finally, Quarry LP boosted its stake in shares of Q2 by 92.5% in the 3rd quarter. Quarry LP now owns 697 shares of the technology company's stock valued at $50,000 after purchasing an additional 335 shares during the last quarter.

Q2 Trading Up 0.2%

NYSE QTWO opened at $61.00 on Monday. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 43.57 and a beta of 1.30. The company has a 50 day moving average of $49.57 and a 200-day moving average of $51.37. Q2 Holdings, Inc. has a 1-year low of $40.79 and a 1-year high of $90.08.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $219.77 million during the quarter, compared to the consensus estimate of $216.86 million. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities research analysts forecast that Q2 Holdings, Inc. will post 1.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Q2 from $80.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, June 22nd. Needham & Company LLC increased their target price on Q2 from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday. Stifel Nicolaus lifted their target price on Q2 from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday. Zacks Research upgraded Q2 from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Q2 from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and a consensus price target of $74.00.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company's core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2's platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.

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