Walleye Capital LLC Invests $1.38 Million in Q2 Holdings, Inc. $QTWO

Walleye Capital LLC purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,101 shares of the technology company’s stock, valued at approximately $1,376,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QTWO. Headlands Technologies LLC purchased a new position in Q2 during the second quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in Q2 during the third quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Q2 during the fourth quarter worth $27,000. Root Financial Partners LLC purchased a new stake in Q2 in the 1st quarter valued at $25,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Q2 by 592.3% in the 2nd 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 in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on QTWO. Robert W. Baird set a $74.00 price target on Q2 in a report on Thursday, April 30th. UBS Group set a $77.00 price objective on shares of Q2 in a report on Thursday, April 30th. Morgan Stanley set a $63.00 price objective on shares of Q2 in a report on Thursday, April 30th. Stifel Nicolaus set a $70.00 price objective on shares of Q2 in a research report on Thursday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of Q2 in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.45.

Q2 Stock Performance

Shares of Q2 stock opened at $52.88 on Friday. The stock has a 50 day moving average of $48.10 and a 200 day moving average of $51.86. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 47.21 and a beta of 1.33. Q2 Holdings, Inc. has a fifty-two week low of $40.79 and a fifty-two week high of $92.66.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.63 EPS 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 business had revenue of $216.51 million during the quarter, compared to analysts’ expectations of $214.40 million. During the same quarter in the prior year, the firm earned $0.07 EPS. Q2’s revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts forecast that Q2 Holdings, Inc. will post 1.64 EPS for the current year.

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.