Q2 Holdings, Inc. (QTWO) Position Reduced by EAM Investors LLC
EAM Investors LLC trimmed its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,201 shares of the technology company’s stock after selling 16,328 shares during the period. EAM Investors LLC owned about 0.13% of Q2 Holdings worth $2,257,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of QTWO. Franklin Resources Inc. grew its position in Q2 Holdings by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after purchasing an additional 536,772 shares during the last quarter. Emerald Advisers Inc. PA acquired a new stake in Q2 Holdings in the 3rd quarter worth $15,520,000. Penn Capital Management Co. Inc. grew its position in Q2 Holdings by 3,059.9% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 303,822 shares of the technology company’s stock worth $11,243,000 after purchasing an additional 294,207 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in Q2 Holdings by 371.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 305,361 shares of the technology company’s stock worth $12,718,000 after purchasing an additional 240,645 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Q2 Holdings by 6.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock worth $108,759,000 after purchasing an additional 190,171 shares during the last quarter. Institutional investors own 91.07% of the company’s stock.
In other Q2 Holdings news, Director Jeffrey T. Diehl sold 800,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $41.50, for a total value of $33,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carl James Schaper sold 20,000 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $39.41, for a total transaction of $788,200.00. Following the completion of the transaction, the director now directly owns 44,172 shares of the company’s stock, valued at $1,740,818.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,026,575 shares of company stock valued at $42,490,943. Insiders own 24.50% of the company’s stock.
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Q2 Holdings, Inc. (NYSE:QTWO) traded up $0.25 during trading hours on Thursday, reaching $42.40. 154,200 shares of the company’s stock were exchanged, compared to its average volume of 222,312. Q2 Holdings, Inc. has a 52-week low of $27.80 and a 52-week high of $44.35.
Q2 Holdings (NYSE:QTWO) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. Q2 Holdings had a negative net margin of 15.27% and a negative return on equity of 20.50%. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. During the same period in the previous year, the business earned ($0.24) earnings per share. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. equities research analysts predict that Q2 Holdings, Inc. will post -0.48 EPS for the current year.
Several analysts have issued reports on the stock. DA Davidson assumed coverage on shares of Q2 Holdings in a research report on Thursday, November 16th. They issued a “neutral” rating and a $38.00 price target on the stock. BidaskClub upgraded shares of Q2 Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Q2 Holdings in a research report on Friday, November 3rd. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Q2 Holdings in a research report on Friday, November 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $47.00 target price on shares of Q2 Holdings in a research report on Sunday, November 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.90.
Q2 Holdings Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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