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

Conestoga Capital Advisors LLC lifted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,308,194 shares of the technology company's stock after acquiring an additional 34,300 shares during the period. Q2 accounts for about 2.5% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 15th largest position. Conestoga Capital Advisors LLC owned 3.83% of Q2 worth $184,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of QTWO. Brown Capital Management LLC raised its position in Q2 by 0.4% in the first quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company's stock valued at $134,850,000 after purchasing an additional 11,000 shares during the period. Jennison Associates LLC lifted its holdings in Q2 by 14.6% during the 1st quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company's stock worth $97,363,000 after buying an additional 235,582 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Q2 by 5.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company's stock valued at $76,132,000 after acquiring an additional 67,757 shares during the last quarter. American Century Companies Inc. raised its stake in Q2 by 5,990.6% during the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company's stock worth $73,008,000 after acquiring an additional 1,190,274 shares during the period. Finally, Perpetual Ltd bought a new stake in Q2 in the third quarter valued at $80,788,000.

Insider Buying and Selling

In other Q2 news, Director James Offerdahl sold 1,013 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total value of $74,931.61. Following the completion of the transaction, the director now owns 18,789 shares in the company, valued at $1,389,822.33. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director James Offerdahl sold 1,013 shares of the company's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total value of $74,931.61. Following the completion of the sale, the director now directly owns 18,789 shares of the company's stock, valued at approximately $1,389,822.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Price sold 11,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now directly owns 215,079 shares of the company's stock, valued at approximately $15,408,259.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,963 shares of company stock worth $3,109,699. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on QTWO. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Q2 in a report on Friday, October 18th. Truist Financial reaffirmed a "buy" rating and issued a $78.00 target price (up previously from $68.00) on shares of Q2 in a report on Thursday, August 1st. Stifel Nicolaus upped their price objective on Q2 from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Citigroup downgraded Q2 from a "buy" rating to a "neutral" rating and increased their price target for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price objective on Q2 from $59.00 to $86.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $73.64.

Q2 Stock Up 0.5 %

Shares of NYSE QTWO traded up $0.43 during trading hours on Friday, hitting $85.09. 535,214 shares of the stock were exchanged, compared to its average volume of 579,989. Q2 Holdings, Inc. has a 12 month low of $30.89 and a 12 month high of $86.25. The firm has a fifty day moving average price of $78.26 and a 200-day moving average price of $67.71. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market cap of $5.13 billion, a PE ratio of -73.22 and a beta of 1.59.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $172.89 million for the quarter, compared to analysts' expectations of $170.67 million. Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. On average, sell-side analysts expect that Q2 Holdings, Inc. will post -0.02 EPS 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.