Q2 Holdings, Inc. (NYSE:QTWO) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 456,651 shares of the technology company's stock after buying an additional 32,371 shares during the period. TimesSquare Capital Management LLC owned about 0.78% of Q2 worth $19,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QTWO. Natixis Advisors L.P. boosted its holdings in shares of Q2 by 1.6% in the 4th quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company's stock valued at $702,000 after purchasing an additional 259 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Q2 by 2.2% in the 3rd quarter. Arizona State Retirement System now owns 16,570 shares of the technology company's stock valued at $535,000 after purchasing an additional 352 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Q2 by 2.7% in the 4th quarter. Diversified Trust Co now owns 13,670 shares of the technology company's stock valued at $593,000 after purchasing an additional 363 shares in the last quarter. MCF Advisors LLC boosted its holdings in shares of Q2 by 156.5% in the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company's stock valued at $27,000 after purchasing an additional 374 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Q2 by 4.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,502 shares of the technology company's stock valued at $307,000 after purchasing an additional 405 shares in the last quarter.

Insider Activity

In other news, Director R. H. Seale sold 9,000 shares of the business's stock in a transaction on Friday, April 19th. The shares were sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the transaction, the director now directly owns 363,754 shares in the company, valued at approximately $18,224,075.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director R. H. Seale sold 9,000 shares of the business's stock in a transaction on Friday, April 19th. The shares were sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the transaction, the director now directly owns 363,754 shares in the company, valued at approximately $18,224,075.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David J. Mehok sold 2,453 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.10, for a total transaction of $122,895.30. Following the transaction, the chief financial officer now owns 151,846 shares of the company's stock, valued at $7,607,484.60. The disclosure for this sale can be found here. Insiders sold 166,935 shares of company stock worth $7,836,175 in the last three months. Corporate insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

QTWO has been the subject of a number of research reports. Stifel Nicolaus increased their price target on Q2 from $48.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their price target on Q2 from $52.00 to $59.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Canaccord Genuity Group increased their price target on Q2 from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. Needham & Company LLC increased their price target on Q2 from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Finally, DA Davidson raised their target price on Q2 from $58.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.33.

Q2 Stock Down 1.0 %

QTWO stock traded down $0.61 during mid-day trading on Friday, reaching $62.26. 388,057 shares of the company traded hands, compared to its average volume of 641,934. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of -46.12 and a beta of 1.47. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06. Q2 Holdings, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $63.50. The firm's 50 day moving average price is $52.07 and its 200 day moving average price is $43.97.

Q2 (NYSE:QTWO - Get Free Report) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. The firm had revenue of $162.12 million for the quarter, compared to analysts' expectations of $161.31 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. As a group, equities research analysts predict that Q2 Holdings, Inc. will post -0.02 EPS for the current fiscal 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.