TimesSquare Capital Management LLC Purchases 9,339 Shares of Q2 Holdings, Inc. $QTWO

TimesSquare Capital Management LLC lifted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,374 shares of the technology company’s stock after purchasing an additional 9,339 shares during the quarter. TimesSquare Capital Management LLC owned 0.58% of Q2 worth $34,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QTWO. Cerity Partners LLC lifted its holdings in Q2 by 52.7% during the first quarter. Cerity Partners LLC now owns 3,391 shares of the technology company’s stock worth $271,000 after acquiring an additional 1,170 shares in the last quarter. Xponance Inc. raised its position in shares of Q2 by 5.1% during the first quarter. Xponance Inc. now owns 4,576 shares of the technology company’s stock worth $366,000 after purchasing an additional 224 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Q2 by 0.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company’s stock valued at $3,426,000 after purchasing an additional 248 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Q2 by 28.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock valued at $137,948,000 after purchasing an additional 378,394 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Q2 by 2,630.0% in the 1st quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock valued at $44,000 after purchasing an additional 526 shares during the period.

Insider Activity

In other Q2 news, insider John E. Breeden sold 6,105 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the transaction, the insider directly owned 149,643 shares of the company’s stock, valued at $11,263,628.61. This represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Michael S. Kerr sold 967 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $82.60, for a total value of $79,874.20. Following the completion of the transaction, the general counsel directly owned 56,228 shares in the company, valued at $4,644,432.80. The trade was a 1.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,713 shares of company stock valued at $592,376 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a research report on Saturday. Cantor Fitzgerald dropped their target price on Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.40.

Q2 Price Performance

Shares of QTWO opened at $73.26 on Wednesday. The company has a market cap of $4.58 billion, a PE ratio of 152.63 and a beta of 1.48. The firm has a 50-day moving average of $69.98 and a 200-day moving average of $80.26. Q2 Holdings, Inc. has a one year low of $58.57 and a one year high of $112.82.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The business had revenue of $201.70 million for the quarter, compared to the consensus estimate of $197.87 million. Q2 had a return on equity of 10.92% and a net margin of 4.12%.The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.20) EPS. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

About Q2

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.