Q2 Holdings, Inc. (NYSE:QTWO) Holdings Lifted by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,203,414 shares of the technology company's stock after buying an additional 256,802 shares during the period. Q2 accounts for approximately 1.4% of Conestoga Capital Advisors LLC's portfolio, making the stock its 29th biggest holding. Conestoga Capital Advisors LLC owned about 3.76% of Q2 worth $95,650,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in QTWO. Natixis Advisors L.P. acquired a new position in Q2 during the first quarter worth approximately $774,000. MetLife Investment Management LLC grew its stake in shares of Q2 by 54.1% in the 1st quarter. MetLife Investment Management LLC now owns 29,137 shares of the technology company's stock valued at $1,796,000 after purchasing an additional 10,226 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Q2 by 3.6% in the 1st quarter. Rhumbline Advisers now owns 57,575 shares of the technology company's stock valued at $3,549,000 after purchasing an additional 1,997 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Q2 by 25.7% in the 1st quarter. Raymond James Trust N.A. now owns 4,186 shares of the technology company's stock valued at $258,000 after purchasing an additional 855 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Q2 by 39.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 228,857 shares of the technology company's stock valued at $14,109,000 after purchasing an additional 65,252 shares during the last quarter.

Wall Street Analysts Forecast Growth

QTWO has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on Q2 from $39.00 to $51.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. Robert W. Baird lifted their target price on Q2 from $50.00 to $60.00 and gave the company an "outperform" rating in a research note on Monday, March 18th. Stifel Nicolaus lifted their target price on Q2 from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Piper Sandler lifted their price target on Q2 from $41.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, February 22nd. Finally, DA Davidson lifted their price target on Q2 from $48.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Q2 presently has an average rating of "Moderate Buy" and an average target price of $43.40.

Insider Buying and Selling

In other news, CEO Matthew P. Flake sold 45,000 shares of the business's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the completion of the transaction, the chief executive officer now directly owns 473,411 shares of the company's stock, valued at $19,452,457.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Matthew P. Flake sold 45,000 shares of the business's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the completion of the transaction, the chief executive officer now directly owns 473,411 shares of the company's stock, valued at $19,452,457.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 7,674 shares of the business's stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $45.00, for a total value of $345,330.00. Following the completion of the transaction, the chief executive officer now directly owns 504,769 shares of the company's stock, valued at $22,714,605. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 336,313 shares of company stock valued at $14,889,214. 3.60% of the stock is owned by insiders.

Q2 Price Performance

QTWO stock traded down $1.85 during midday trading on Wednesday, hitting $51.94. 614,272 shares of the stock were exchanged, compared to its average volume of 636,094. The stock's 50-day moving average price is $47.47 and its 200-day moving average price is $40.76. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -45.96 and a beta of 1.49. Q2 Holdings, Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $53.96. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.23 and a current ratio of 2.23.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The firm had revenue of $162.12 million during the quarter, compared to analysts' expectations of $161.31 million. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. Research analysts predict that Q2 Holdings, Inc. will post -0.05 earnings per share for the current year.

Q2 Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.