TimesSquare Capital Management LLC Purchases 31,175 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

TimesSquare Capital Management LLC boosted its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 9.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 375,700 shares of the technology company's stock after purchasing an additional 31,175 shares during the quarter. TimesSquare Capital Management LLC owned 0.62% of Q2 worth $37,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP raised its stake in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after purchasing an additional 336 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 in the 4th quarter valued at approximately $32,000. CWM LLC raised its position in shares of Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company's stock valued at $115,000 after buying an additional 961 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock valued at $146,000 after buying an additional 1,812 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company's stock valued at $148,000 after buying an additional 964 shares in the last quarter.

Q2 Stock Down 3.2 %

NYSE QTWO traded down $2.86 on Friday, hitting $87.84. 1,083,272 shares of the company were exchanged, compared to its average volume of 690,979. The company has a market cap of $5.33 billion, a PE ratio of -135.13 and a beta of 1.61. Q2 Holdings, Inc. has a 12 month low of $43.55 and a 12 month high of $112.82. The stock has a fifty day moving average of $97.14 and a 200-day moving average of $88.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Buying and Selling at Q2

In other Q2 news, CRO Michael A. Volanoski sold 5,123 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total value of $543,652.76. Following the transaction, the executive now directly owns 218,371 shares of the company's stock, valued at approximately $23,173,530.52. This trade represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the completion of the transaction, the president now directly owns 337,643 shares in the company, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,288 shares of company stock valued at $3,003,523. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

QTWO has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Morgan Stanley upped their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. KeyCorp upgraded shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. DA Davidson upped their price objective on shares of Q2 from $76.00 to $86.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Finally, Stephens reiterated an "overweight" rating and set a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Q2 has a consensus rating of "Moderate Buy" and a consensus target price of $102.13.

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.