Vanguard Group Inc. Acquires 82,827 Shares of Q2 Holdings, Inc. $QTWO

Key Points

• Vanguard increased its stake in Q2 by 82,827 shares in Q4, bringing its holdings to 7,995,133 shares (about 12.79%) valued at roughly $576.9 million.
• Company insiders have been net sellers, offloading 411,087 shares worth about $20.7 million in the past three months, including CEO Matthew Flake's sale of 20,613 shares (a 4.09% reduction in his position); insiders now own about 0.31% of the stock.
• Analysts maintain a consensus rating of "Moderate Buy" with an average price target of $77.75; Q2's latest quarter showed an EPS miss ($0.63 vs. $0.71 estimate) but revenue beat at $216.5 million, and the company has a market cap near $3.35 billion.

Vanguard Group Inc. increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,995,133 shares of the technology company's stock after purchasing an additional 82,827 shares during the quarter. Vanguard Group Inc. owned 12.79% of Q2 worth $576,929,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Peregrine Capital Management LLC grew its stake in Q2 by 48.7% during the fourth quarter. Peregrine Capital Management LLC now owns 143,243 shares of the technology company's stock worth $10,336,000 after buying an additional 46,903 shares in the last quarter. M&T Bank Corp grew its stake in Q2 by 247.2% during the fourth quarter. M&T Bank Corp now owns 19,786 shares of the technology company's stock worth $1,428,000 after buying an additional 14,087 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in Q2 during the fourth quarter worth about $218,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Q2 by 4.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,378 shares of the technology company's stock worth $1,615,000 after buying an additional 952 shares in the last quarter. Finally, Moran Wealth Management LLC grew its stake in Q2 by 17.0% during the fourth quarter. Moran Wealth Management LLC now owns 10,132 shares of the technology company's stock worth $731,000 after buying an additional 1,470 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on QTWO shares. Cantor Fitzgerald reduced their price objective on shares of Q2 from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, February 12th. DA Davidson reissued a "buy" rating and issued a $82.00 target price on shares of Q2 in a report on Monday. Morgan Stanley set a $63.00 target price on shares of Q2 in a report on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $70.00 target price on shares of Q2 in a report on Thursday, April 30th. Finally, Zacks Research cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.75.

Insider Buying and Selling at Q2

In other Q2 news, CEO Matthew P. Flake sold 20,613 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $1,058,477.55. Following the completion of the sale, the chief executive officer owned 483,202 shares of the company's stock, valued at approximately $24,812,422.70. This represents a 4.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Michael S. Kerr sold 2,821 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $144,858.35. Following the sale, the general counsel directly owned 47,227 shares of the company's stock, valued at $2,425,106.45. This represents a 5.64% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 411,087 shares of company stock worth $20,702,472. Company insiders own 0.31% of the company's stock.

Q2 Price Performance

Q2 stock opened at $53.48 on Tuesday. The company has a market capitalization of $3.35 billion, a P/E ratio of 47.75 and a beta of 1.39. The business has a 50 day moving average of $49.10 and a 200-day moving average of $60.61. Q2 Holdings, Inc. has a 1 year low of $44.65 and a 1 year high of $96.68.

Q2 (NYSE:QTWO - Get Free Report) last released its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.08). The firm had revenue of $216.51 million for the quarter, compared to analyst estimates of $214.40 million. Q2 had a net margin of 8.99% and a return on equity of 14.68%. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. Equities analysts anticipate that Q2 Holdings, Inc. will post 1.64 EPS for the current year.

About Q2

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.

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.