5,208 Shares in Q2 Holdings Inc (QTWO) Purchased by Parametrica Management Ltd

Parametrica Management Ltd purchased a new position in Q2 Holdings Inc (NYSE:QTWO) during the first quarter, HoldingsChannel reports. The fund purchased 5,208 shares of the technology company’s stock, valued at approximately $361,000. Q2 comprises 0.8% of Parametrica Management Ltd’s portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QTWO. Vanguard Group Inc. grew its holdings in shares of Q2 by 32.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,239,978 shares of the technology company’s stock worth $196,181,000 after acquiring an additional 798,614 shares during the period. Norges Bank acquired a new stake in Q2 during the 4th quarter valued at $25,818,000. Macquarie Group Ltd. grew its holdings in Q2 by 22.0% during the 4th quarter. Macquarie Group Ltd. now owns 1,243,394 shares of the technology company’s stock valued at $61,610,000 after buying an additional 223,815 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Q2 by 36.7% during the 4th quarter. Victory Capital Management Inc. now owns 738,399 shares of the technology company’s stock valued at $36,587,000 after buying an additional 198,345 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Q2 by 26.8% during the 4th quarter. New York State Common Retirement Fund now owns 857,976 shares of the technology company’s stock valued at $42,513,000 after buying an additional 181,590 shares during the last quarter. Institutional investors and hedge funds own 96.82% of the company’s stock.

Shares of Q2 stock opened at $73.11 on Friday. Q2 Holdings Inc has a fifty-two week low of $43.41 and a fifty-two week high of $76.08. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -197.58 and a beta of 1.53. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.08 and a current ratio of 2.08.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.21). Q2 had a negative return on equity of 16.48% and a negative net margin of 18.89%. The business had revenue of $71.30 million for the quarter, compared to analysts’ expectations of $70.67 million. During the same period in the prior year, the company earned ($0.14) EPS. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. Analysts expect that Q2 Holdings Inc will post -0.64 earnings per share for the current fiscal year.

A number of equities research analysts have commented on QTWO shares. Raymond James increased their target price on Q2 from $62.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. Stephens cut Q2 from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $76.00 to $73.00 in a report on Wednesday, April 3rd. They noted that the move was a valuation call. SunTrust Banks upgraded Q2 from a “hold” rating to a “buy” rating and increased their target price for the company from $68.00 to $84.00 in a report on Friday, March 1st. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price (up previously from $70.00) on shares of Q2 in a report on Friday, March 1st. Finally, Wells Fargo & Co increased their target price on Q2 from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $71.04.

In other Q2 news, CTO Adam D. Blue sold 5,025 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $64.98, for a total transaction of $326,524.50. Following the transaction, the chief technology officer now owns 60,823 shares of the company’s stock, valued at approximately $3,952,278.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director R. H. Seale sold 146,092 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $67.15, for a total value of $9,810,077.80. Following the transaction, the director now directly owns 381,737 shares in the company, valued at approximately $25,633,639.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 759,572 shares of company stock worth $52,231,221. Corporate insiders own 17.90% of the company’s stock.

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Q2 Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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