Oregon Public Employees Retirement Fund Makes New Investment in Q2 Holdings, Inc. $QTWO

Oregon Public Employees Retirement Fund purchased a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the third quarter, according to its most recent filing with the SEC. The firm purchased 14,100 shares of the technology company’s stock, valued at approximately $1,021,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. raised its holdings in Q2 by 4.8% during the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock worth $262,390,000 after purchasing an additional 128,387 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Q2 by 1.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,098,037 shares of the technology company’s stock worth $196,355,000 after buying an additional 25,493 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Q2 by 5.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,826,001 shares of the technology company’s stock worth $170,895,000 after buying an additional 101,866 shares in the last quarter. Geode Capital Management LLC grew its stake in Q2 by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,470,279 shares of the technology company’s stock valued at $137,620,000 after acquiring an additional 26,858 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Q2 by 3.1% during the 2nd quarter. Jennison Associates LLC now owns 1,342,772 shares of the technology company’s stock valued at $125,670,000 after acquiring an additional 41,000 shares in the last quarter.

Insider Buying and Selling

In related news, insider Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $630,627.12. Following the sale, the insider directly owned 269,128 shares of the company’s stock, valued at approximately $19,829,351.04. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total transaction 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. This represents a 3.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 20,883 shares of company stock worth $1,547,778. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus reduced their price target 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. UBS Group set a $90.00 price objective on Q2 in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research report on Thursday, November 6th. Finally, Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.57.

Q2 Stock Performance

Shares of NYSE QTWO opened at $65.08 on Friday. The firm has a market cap of $4.07 billion, a P/E ratio of 135.58 and a beta of 1.35. Q2 Holdings, Inc. has a 1 year low of $58.57 and a 1 year high of $102.07. The firm’s 50 day moving average price is $72.08 and its 200 day moving average price is $75.02.

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). The business had revenue of $201.70 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.20) EPS. As a group, equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

About Q2

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.