42,688 Shares in Q2 Holdings, Inc. $QTWO Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in Q2 Holdings, Inc. (NYSE:QTWO) in the fourth quarter, Holdings Channel reports. The fund acquired 42,688 shares of the technology company’s stock, valued at approximately $3,080,000.

Other large investors also recently bought and sold shares of the company. William Blair Investment Management LLC raised its stake in Q2 by 25.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock worth $194,451,000 after buying an additional 553,713 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Q2 by 48.7% in the fourth quarter. Peregrine Capital Management LLC now owns 143,243 shares of the technology company’s stock worth $10,336,000 after buying an additional 46,903 shares in the last quarter. Principal Financial Group Inc. raised its stake in Q2 by 502.5% in the third quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock worth $21,856,000 after buying an additional 251,807 shares in the last quarter. Vanguard Group Inc. raised its stake in Q2 by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock worth $576,929,000 after buying an additional 82,827 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Q2 by 53.5% during the third quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock worth $3,378,000 after purchasing an additional 16,263 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Matthew P. Flake sold 91,590 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total value of $4,556,602.50. Following the sale, the chief executive officer directly owned 503,815 shares of the company’s stock, valued at $25,064,796.25. This represents a 15.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan Price sold 32,156 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total transaction of $1,599,761.00. Following the completion of the sale, the chief financial officer directly owned 197,135 shares in the company, valued at $9,807,466.25. This trade represents a 14.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 411,484 shares of company stock worth $20,720,329 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Q2 Price Performance

Shares of QTWO opened at $45.46 on Wednesday. The firm has a market capitalization of $2.85 billion, a PE ratio of 40.59 and a beta of 1.39. Q2 Holdings, Inc. has a 1-year low of $44.46 and a 1-year high of $96.68. The company’s fifty day moving average price is $48.32 and its 200-day moving average price is $59.05.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Q2 had a net margin of 8.99% and a return on equity of 14.68%. The company had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $214.40 million. During the same period last year, the firm earned $0.07 earnings per share. Q2’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts anticipate that Q2 Holdings, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

QTWO has been the topic of a number of recent analyst reports. Morgan Stanley set a $63.00 price target on Q2 in a research report on Thursday, April 30th. Truist Financial reduced their price target on Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Stifel Nicolaus set a $70.00 price target on Q2 in a research report on Thursday, April 30th. Robert W. Baird set a $74.00 price target on Q2 in a research report on Thursday, April 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $82.00 price target on shares of Q2 in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and an average target price of $75.27.

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.