Ensign Peak Advisors Inc Has $3.05 Million Stake in Q2 Holdings, Inc. $QTWO

Ensign Peak Advisors Inc reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,618 shares of the technology company’s stock after selling 2,996 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Q2 were worth $3,053,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in shares of Q2 in the first quarter valued at about $35,000. TCTC Holdings LLC grew its holdings in Q2 by 103.1% during the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company’s stock worth $48,000 after purchasing an additional 303 shares during the period. SVB Wealth LLC acquired a new position in shares of Q2 during the 1st quarter worth approximately $58,000. Summit Securities Group LLC bought a new position in shares of Q2 in the first quarter valued at about $64,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after buying an additional 220 shares during the last quarter.

Q2 Stock Down 1.1%

Shares of QTWO stock opened at $71.86 on Thursday. The company has a market cap of $4.49 billion, a P/E ratio of 149.71 and a beta of 1.48. Q2 Holdings, Inc. has a twelve month low of $58.57 and a twelve month high of $112.82. The business has a fifty day simple moving average of $67.70 and a 200 day simple moving average of $79.45.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). Q2 had a net margin of 4.12% and a return on equity of 10.92%. The firm had revenue of $201.70 million for the quarter, compared to analyst estimates of $197.87 million. During the same period last year, the business earned ($0.20) EPS. The company’s revenue was up 15.2% compared to the same quarter last year. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity at Q2

In other news, General Counsel Michael S. Kerr sold 967 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $82.60, for a total value of $79,874.20. Following the completion of the sale, the general counsel owned 56,228 shares of the company’s stock, valued at approximately $4,644,432.80. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on QTWO shares. Cantor Fitzgerald decreased their price target on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Zacks Research upgraded Q2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Needham & Company LLC decreased their price objective on Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Stifel Nicolaus lowered their price objective on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $97.40.

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.