Q2 Holdings, Inc. $QTWO Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC cut its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 30.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 803,197 shares of the technology company’s stock after selling 350,451 shares during the quarter. Q2 accounts for about 2.4% of Brown Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Brown Capital Management LLC’s holdings in Q2 were worth $58,143,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Q2 by 18.1% during the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock worth $94,000 after purchasing an additional 154 shares during the period. ANB Bank lifted its holdings in Q2 by 7.1% in the second quarter. ANB Bank now owns 2,710 shares of the technology company’s stock worth $254,000 after acquiring an additional 179 shares during the last quarter. Hilltop National Bank boosted its stake in Q2 by 9.8% in the third quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock valued at $150,000 after acquiring an additional 185 shares during the period. California State Teachers Retirement System boosted its stake in Q2 by 0.3% in the second quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after acquiring an additional 194 shares during the period. Finally, Summit Global Investments raised its position in shares of Q2 by 2.0% during the 2nd quarter. Summit Global Investments now owns 10,100 shares of the technology company’s stock worth $945,000 after purchasing an additional 198 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group set a $90.00 price objective on Q2 in a research note on Thursday, November 6th. Royal Bank Of Canada lowered their price target on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research report on Thursday, November 6th. Stifel Nicolaus cut their price objective on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Needham & Company LLC decreased their target price on shares of Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Stephens set a $90.00 price target on shares of Q2 in a research note on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.57.

Q2 Stock Down 1.2%

Shares of QTWO opened at $60.54 on Tuesday. The firm has a market capitalization of $3.79 billion, a PE ratio of 126.12 and a beta of 1.36. The firm has a 50-day moving average price of $70.64 and a 200 day moving average price of $72.68. Q2 Holdings, Inc. has a 52-week low of $58.57 and a 52-week high of $102.07.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). Q2 had a return on equity of 10.92% and a net margin of 4.12%.The company had revenue of $201.70 million during the quarter, compared to analyst estimates of $197.87 million. During the same period in the prior year, the company posted ($0.20) earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Buying and Selling at Q2

In related news, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $75.46, for a total transaction of $386,581.58. Following the completion of the transaction, the executive owned 166,512 shares of the company’s stock, valued at $12,564,995.52. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Himagiri K. Mukkamala sold 3,024 shares of Q2 stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $222,808.32. Following the transaction, the chief operating officer directly owned 96,046 shares in the company, valued at approximately $7,076,669.28. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 20,883 shares of company stock valued at $1,547,778. 3.00% of the stock is owned by corporate insiders.

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.