WINTON GROUP Ltd Buys Shares of 8,577 Q2 Holdings, Inc. $QTWO

WINTON GROUP Ltd bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,577 shares of the technology company’s stock, valued at approximately $413,000.

A number of other institutional investors have also recently made changes to their positions in the company. William Blair Investment Management LLC raised its stake in Q2 by 25.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after purchasing an additional 553,713 shares during the last quarter. Entropy Technologies LP boosted its stake in Q2 by 864.9% during the 1st quarter. Entropy Technologies LP now owns 26,902 shares of the technology company’s stock worth $1,272,000 after purchasing an additional 24,114 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Q2 during the fourth quarter worth $3,080,000. Smith Group Asset Management LLC purchased a new stake in shares of Q2 during the first quarter worth $1,422,000. Finally, BNP Paribas Financial Markets raised its position in shares of Q2 by 207.2% in the fourth quarter. BNP Paribas Financial Markets now owns 136,871 shares of the technology company’s stock valued at $9,877,000 after buying an additional 92,318 shares during the last quarter.

Insider Activity

In other news, insider Kimberly Rutledge sold 10,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.07, for a total value of $630,700.00. Following the completion of the sale, the insider owned 113,913 shares of the company’s stock, valued at $7,184,492.91. This represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Michael Kerr sold 636 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $60.96, for a total transaction of $38,770.56. Following the sale, the general counsel owned 80,739 shares of the company’s stock, valued at $4,921,849.44. This represents a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 87,816 shares of company stock valued at $5,740,968 in the last 90 days. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Q2 from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. UBS Group set a $68.00 price objective on shares of Q2 in a report on Friday, July 31st. Weiss Ratings raised shares of Q2 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. DA Davidson restated a “buy” rating and set a $82.00 target price on shares of Q2 in a report on Thursday, July 23rd. Finally, Needham & Company LLC upped their price target on Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $76.17.

Q2 Stock Down 0.8%

NYSE QTWO opened at $59.59 on Thursday. The business’s fifty day simple moving average is $60.47 and its 200-day simple moving average is $52.40. The firm has a market cap of $3.72 billion, a PE ratio of 42.57 and a beta of 1.33. Q2 Holdings, Inc. has a 52 week low of $40.79 and a 52 week high of $85.13.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The firm had revenue of $219.77 million during the quarter, compared to analyst estimates of $216.86 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Q2’s quarterly revenue was up 12.6% on a year-over-year basis. Research analysts expect that Q2 Holdings, Inc. will post 1.8 EPS for the current year.

Q2 Company Profile

Q2 Holdings, Inc provides digital transformation solutions for banks, credit unions, fintech companies and other financial institutions. Its cloud-based technology is designed to help these organizations deliver digital banking experiences across online and mobile channels while supporting customer engagement, account opening and financial product access.

The company’s offerings include digital banking software, lending and loan-origination technology, financial data and analytics tools, and solutions for payment, fraud and financial crime management.