Q2 Holdings, Inc. (NYSE:QTWO) Holdings Boosted by Emerald Advisers LLC

Emerald Advisers LLC raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 620,877 shares of the technology company's stock after buying an additional 15,581 shares during the quarter. Q2 comprises 1.9% of Emerald Advisers LLC's investment portfolio, making the stock its 6th largest position. Emerald Advisers LLC owned approximately 1.03% of Q2 worth $49,527,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Pembroke Management LTD grew its position in shares of Q2 by 77.3% in the 3rd quarter. Pembroke Management LTD now owns 214,638 shares of the technology company's stock worth $17,122,000 after buying an additional 93,582 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in shares of Q2 by 1.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company's stock worth $184,125,000 after buying an additional 34,300 shares during the last quarter. US Bancorp DE lifted its stake in shares of Q2 by 10.5% in the 3rd quarter. US Bancorp DE now owns 29,632 shares of the technology company's stock valued at $2,364,000 after purchasing an additional 2,816 shares during the period. Highland Capital Management LLC purchased a new position in shares of Q2 in the 3rd quarter valued at approximately $208,000. Finally, Dakota Wealth Management lifted its stake in shares of Q2 by 41.6% in the 3rd quarter. Dakota Wealth Management now owns 5,532 shares of the technology company's stock valued at $441,000 after purchasing an additional 1,626 shares during the period.

Q2 Stock Up 0.5 %

Shares of QTWO stock traded up $0.43 during mid-day trading on Friday, hitting $85.09. The company's stock had a trading volume of 535,882 shares, compared to its average volume of 484,584. Q2 Holdings, Inc. has a 52-week low of $30.89 and a 52-week high of $86.25. The business has a 50-day moving average price of $78.47 and a 200 day moving average price of $68.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of -73.35 and a beta of 1.58.

Q2 (NYSE:QTWO - Get Free Report) last posted 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). Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. The business had revenue of $172.89 million during the quarter, compared to analysts' expectations of $170.67 million. Research analysts predict that Q2 Holdings, Inc. will post -0.02 EPS for the current fiscal year.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares in the company, valued at $16,376,446.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the sale, the executive now owns 227,672 shares of the company's stock, valued at $16,376,446.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the sale, the general counsel now directly owns 61,130 shares of the company's stock, valued at $4,331,671.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,963 shares of company stock worth $3,109,699 over the last quarter. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of research analyst reports. BTIG Research raised their target price on Q2 from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, August 26th. Truist Financial restated a "buy" rating and issued a $78.00 target price (up previously from $68.00) on shares of Q2 in a research note on Thursday, August 1st. Compass Point initiated coverage on Q2 in a research note on Wednesday, September 4th. They issued a "buy" rating and a $91.00 target price for the company. Royal Bank of Canada restated a "sector perform" rating on shares of Q2 in a research note on Friday, October 18th. Finally, Citigroup cut Q2 from a "buy" rating to a "neutral" rating and raised their target price for the company from $72.00 to $90.00 in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $73.64.

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.