UBS Group AG Sells 559,980 Shares of Q2 Holdings, Inc. $QTWO

UBS Group AG decreased its position in Q2 Holdings, Inc. (NYSE:QTWO) by 55.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 449,966 shares of the technology company’s stock after selling 559,980 shares during the quarter. UBS Group AG’s holdings in Q2 were worth $32,470,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in Q2 by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after purchasing an additional 194 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Q2 by 35.0% in the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after purchasing an additional 220 shares in the last quarter. Headlands Technologies LLC purchased a new position in Q2 in the 2nd quarter worth about $26,000. Mackenzie Financial Corp raised its position in Q2 by 6.4% in the 3rd quarter. Mackenzie Financial Corp now owns 4,630 shares of the technology company’s stock worth $335,000 after buying an additional 280 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Q2 by 25.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,616 shares of the technology company’s stock worth $117,000 after buying an additional 325 shares during the last quarter.

Q2 Trading Down 1.1%

Shares of NYSE:QTWO opened at $50.12 on Friday. The stock has a 50 day moving average of $49.24 and a 200 day moving average of $60.42. The company has a market cap of $3.14 billion, a PE ratio of 44.75 and a beta of 1.39. Q2 Holdings, Inc. has a 12-month low of $44.65 and a 12-month high of $96.68.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted $0.07 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. Equities research analysts predict that Q2 Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Q2 news, COO Himagiri K. Mukkamala sold 1,343 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $68,963.05. Following the sale, the chief operating officer owned 92,910 shares in the company, valued at $4,770,928.50. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John E. Breeden sold 6,076 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $312,002.60. Following the completion of the sale, the insider owned 84,236 shares in the company, valued at approximately $4,325,518.60. The trade was a 6.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 411,087 shares of company stock valued at $20,702,472. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

QTWO has been the subject of a number of recent analyst reports. Wall Street Zen lowered Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens set a $90.00 target price on Q2 in a research report on Friday, January 16th. Zacks Research lowered Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. DA Davidson reissued a “buy” rating and issued a $82.00 target price on shares of Q2 in a research report on Monday, May 4th. Finally, Cantor Fitzgerald decreased their target price on Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.27.

Q2 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.