G2 Investment Partners Management LLC Decreases Holdings in Q2 Holdings, Inc. $QTWO

by · The Cerbat Gem

G2 Investment Partners Management LLC cut its stake in Q2 Holdings, Inc. (NYSE:QTWO – Free Report) by 85.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,601 shares of the technology company’s stock after selling 64,799 shares during the quarter. G2 Investment Partners Management LLC’s holdings in Q2 were worth $992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. WPG Advisers LLC acquired a new stake in shares of Q2 in the first quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. lifted its position in Q2 by 592.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock worth $59,000 after acquiring an additional 539 shares in the last quarter. SVB Wealth LLC purchased a new position in Q2 in the 1st quarter worth approximately $58,000. Summit Securities Group LLC acquired a new stake in Q2 in the first quarter valued at approximately $64,000. Finally, Advisors Asset Management Inc. grew its position in Q2 by 35.0% in the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after acquiring an additional 220 shares in the last quarter.

Insider Activity at Q2

In other news, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction on Friday, December 12th. The stock was sold at an average price of $75.46, for a total transaction of $386,581.58. Following the transaction, the executive directly owned 166,512 shares in the company, valued at approximately $12,564,995.52. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kirk L. Coleman sold 8,559 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $630,627.12. Following the completion of the sale, the insider directly owned 269,128 shares in the company, valued at $19,829,351.04. This represents a 3.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,850 shares of company stock worth $1,627,653 over the last ninety days. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on QTWO. UBS Group set a $90.00 price target on shares of Q2 in a research report on Thursday, November 6th. Stifel Nicolaus cut their target price on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Cantor Fitzgerald decreased their target price on Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised Q2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.40.

View Our Latest Research Report on QTWO

Q2 Stock Down 0.2%

QTWO stock opened at $75.30 on Friday. The company has a 50-day simple moving average of $67.50 and a 200 day simple moving average of $78.16. The company has a market capitalization of $4.71 billion, a P/E ratio of 156.88 and a beta of 1.37. Q2 Holdings, Inc. has a fifty-two week low of $58.57 and a fifty-two week high of $108.51.

Q2 (NYSE:QTWO – Get Free Report) last released its earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.32). The company had revenue of $201.70 million for the quarter, compared to analyst estimates of $197.87 million. Q2 had a net margin of 4.12% and a return on equity of 10.92%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) EPS. Equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

About Q2

(Free Report)

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.

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