Bank of Montreal Can Buys 53,383 Shares of Q2 Holdings, Inc. $QTWO

Bank of Montreal Can lifted its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 17.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 353,984 shares of the technology company’s stock after acquiring an additional 53,383 shares during the quarter. Bank of Montreal Can’s holdings in Q2 were worth $33,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in Q2 in the first quarter valued at about $4,329,000. Ethic Inc. purchased a new stake in shares of Q2 during the 2nd quarter valued at about $302,000. Sheets Smith Wealth Management purchased a new stake in shares of Q2 during the 2nd quarter valued at about $511,000. Mutual of America Capital Management LLC lifted its stake in shares of Q2 by 34.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 57,640 shares of the technology company’s stock worth $5,395,000 after purchasing an additional 14,820 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Q2 by 67.0% in the first quarter. Intech Investment Management LLC now owns 34,561 shares of the technology company’s stock worth $2,765,000 after buying an additional 13,866 shares during the last quarter.

Insider Activity at Q2

In related news, Director James Offerdahl sold 786 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the transaction, the director directly owned 17,792 shares of the company’s stock, valued at approximately $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John E. Breeden sold 6,105 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $75.27, for a total transaction of $459,523.35. Following the completion of the sale, the insider owned 149,643 shares in the company, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,499 shares of company stock valued at $650,658. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Stifel Nicolaus decreased their target price on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. JPMorgan Chase & Co. lowered their target price on Q2 from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Needham & Company LLC decreased their price objective on Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and an average target price of $96.69.

Q2 Stock Performance

Shares of QTWO stock opened at $70.23 on Friday. The stock has a fifty day simple moving average of $70.30 and a two-hundred day simple moving average of $80.29. The firm has a market capitalization of $4.39 billion, a PE ratio of 146.31 and a beta of 1.48. Q2 Holdings, Inc. has a 52-week low of $58.57 and a 52-week high of $112.82.

Q2 (NYSE:QTWO) last released its quarterly earnings data 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 11.29% and a net margin of 4.12%.The business had revenue of $201.70 million during the quarter, compared to the consensus estimate of $197.87 million. During the same period last year, the company earned ($0.20) EPS. The business’s revenue was up 15.2% on a year-over-year basis. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Q2 Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.