Oregon Public Employees Retirement Fund Makes New Investment in Q2 Holdings, Inc. $QTWO

Oregon Public Employees Retirement Fund acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 14,100 shares of the technology company’s stock, valued at approximately $1,021,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dakota Wealth Management lifted its position in Q2 by 3.8% during the second quarter. Dakota Wealth Management now owns 3,350 shares of the technology company’s stock valued at $314,000 after buying an additional 123 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Q2 by 18.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $94,000 after acquiring an additional 154 shares in the last quarter. ANB Bank boosted its position in Q2 by 7.1% during the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company’s stock worth $254,000 after purchasing an additional 179 shares during the period. Hilltop National Bank increased its holdings in Q2 by 9.8% in the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock valued at $150,000 after purchasing an additional 185 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Q2 by 0.3% in the second quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after purchasing an additional 194 shares during the period.

Q2 Price Performance

NYSE QTWO opened at $65.08 on Friday. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 135.58 and a beta of 1.35. Q2 Holdings, Inc. has a 12 month low of $58.57 and a 12 month high of $102.07. The company’s fifty day moving average price is $72.08 and its two-hundred day moving average price is $75.02.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, November 5th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The company had revenue of $201.70 million during 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 business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.20) EPS. As a group, analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QTWO shares. Stephens set a $90.00 target price on Q2 in a research note on Friday. Cantor Fitzgerald lowered their price objective on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada reduced their target price on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 6th. Needham & Company LLC decreased their target price on shares of Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Q2 currently has an average rating of “Moderate Buy” and a consensus target price of $93.57.

Insider Activity at Q2

In other news, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive directly owned 166,512 shares in the company, valued at approximately $12,564,995.52. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the transaction, the insider directly owned 269,128 shares in the company, valued at approximately $19,829,351.04. The trade was a 3.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 20,883 shares of company stock valued at $1,547,778. Corporate insiders own 0.31% of the company’s stock.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.