PFG Investments LLC Buys New Shares in Q2 Holdings, Inc. (NYSE:QTWO)

PFG Investments LLC bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,285 shares of the technology company’s stock, valued at approximately $435,000.

Other hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC grew its position in Q2 by 156.5% during the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after purchasing an additional 374 shares during the period. International Assets Investment Management LLC grew its position in Q2 by 2,582.4% during the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after purchasing an additional 878 shares during the period. Arcadia Investment Management Corp MI grew its position in Q2 by 193.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock worth $49,000 after purchasing an additional 738 shares during the period. RiverPark Advisors LLC grew its position in Q2 by 261.0% during the 4th quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock worth $58,000 after purchasing an additional 963 shares during the period. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Q2 during the 4th quarter valued at about $152,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Robert W. Baird raised their target price on Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Stifel Nicolaus raised their target price on Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Truist Financial reaffirmed a “buy” rating and issued a $60.00 price target (up from $50.00) on shares of Q2 in a research note on Friday, April 19th. DA Davidson raised their price target on shares of Q2 from $48.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Canaccord Genuity Group raised their price target on shares of Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.20.

Q2 Trading Down 2.1 %

Shares of QTWO stock traded down $1.12 during trading on Tuesday, hitting $51.37. 749,071 shares of the stock traded hands, compared to its average volume of 608,907. The firm has a market capitalization of $3.03 billion, a P/E ratio of -45.46 and a beta of 1.49. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 2.23. The firm’s fifty day moving average price is $50.07 and its 200-day moving average price is $42.77. Q2 Holdings, Inc. has a 52-week low of $21.21 and a 52-week high of $54.50.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.04. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. The firm had revenue of $162.12 million for the quarter, compared to analyst estimates of $161.31 million. As a group, research analysts forecast that Q2 Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Q2 news, Director R. H. Seale sold 9,000 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the transaction, the director now directly owns 363,754 shares in the company, valued at $18,224,075.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CRO Michael A. Volanoski sold 2,369 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total transaction of $118,686.90. Following the sale, the executive now owns 174,024 shares of the company’s stock, valued at $8,718,602.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R. H. Seale sold 9,000 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $50.10, for a total value of $450,900.00. Following the sale, the director now directly owns 363,754 shares in the company, valued at approximately $18,224,075.40. The disclosure for this sale can be found here. Insiders have sold 337,639 shares of company stock worth $14,994,784 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

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.