Q2 Holdings, Inc. (QTWO) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 17.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 856,395 shares of the technology company’s stock after buying an additional 126,607 shares during the period. Stephens Investment Management Group LLC owned approximately 2.06% of Q2 Holdings worth $35,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Columbus Circle Investors boosted its stake in shares of Q2 Holdings by 16.4% in the 3rd quarter. Columbus Circle Investors now owns 155,778 shares of the technology company’s stock worth $6,488,000 after buying an additional 21,957 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Q2 Holdings by 27.5% in the third quarter. Macquarie Group Ltd. now owns 714,228 shares of the technology company’s stock valued at $29,748,000 after purchasing an additional 154,251 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Q2 Holdings by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 264,591 shares of the technology company’s stock valued at $11,020,000 after purchasing an additional 7,676 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Q2 Holdings by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 150,693 shares of the technology company’s stock valued at $6,278,000 after purchasing an additional 3,859 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Q2 Holdings in the third quarter valued at approximately $217,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

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In related news, SVP Barry G. Benton sold 1,500 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $42.69, for a total value of $64,035.00. Following the transaction, the senior vice president now owns 23,487 shares of the company’s stock, valued at $1,002,660.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John E. Breeden sold 10,000 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $43.14, for a total value of $431,400.00. Following the completion of the transaction, the executive vice president now directly owns 64,694 shares in the company, valued at approximately $2,790,899.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,057,825 shares of company stock worth $43,732,805. Insiders own 24.50% of the company’s stock.

Several equities analysts recently commented on QTWO shares. Canaccord Genuity reiterated a “buy” rating and issued a $43.00 price objective on shares of Q2 Holdings in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Finally, BidaskClub raised shares of Q2 Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $44.90.

Q2 Holdings, Inc. (NYSE QTWO) traded down $0.25 during trading on Tuesday, hitting $42.20. 182,100 shares of the stock traded hands, compared to its average volume of 222,729. Q2 Holdings, Inc. has a 52-week low of $27.80 and a 52-week high of $44.35.

Q2 Holdings (NYSE:QTWO) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.05. The firm had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $50.05 million. Q2 Holdings had a negative net margin of 15.27% and a negative return on equity of 20.50%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. research analysts expect that Q2 Holdings, Inc. will post -0.48 EPS for the current year.

Q2 Holdings Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

Institutional Ownership by Quarter for Q2 Holdings (NYSE:QTWO)

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