Motley Fool Wealth Management LLC Sells 13,788 Shares of Q2 Holdings, Inc. $QTWO

Motley Fool Wealth Management LLC reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,199 shares of the technology company’s stock after selling 13,788 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.14% of Q2 worth $6,148,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QTWO. Headlands Technologies LLC bought a new stake in Q2 during the second quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in Q2 during the third quarter valued at $26,000. Quarry LP boosted its stake in Q2 by 92.5% during the third quarter. Quarry LP now owns 697 shares of the technology company’s stock valued at $50,000 after buying an additional 335 shares during the period. Danske Bank A S bought a new stake in Q2 during the third quarter valued at $51,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Q2 by 592.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after buying an additional 539 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on QTWO shares. Cantor Fitzgerald dropped their price objective on Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a research report on Tuesday, April 21st. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of Q2 in a research report on Thursday, April 30th. Zacks Research downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Wall Street Zen downgraded Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.27.

Q2 Trading Down 1.2%

QTWO opened at $44.30 on Wednesday. The company has a market cap of $2.77 billion, a P/E ratio of 39.55 and a beta of 1.34. The business’s 50-day moving average price is $48.03 and its 200-day moving average price is $57.28. Q2 Holdings, Inc. has a 12 month low of $43.41 and a 12 month high of $96.68.

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

About Q2

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.