Xponance Inc. Has $438,000 Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

Xponance Inc. grew its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,352 shares of the technology company’s stock after acquiring an additional 521 shares during the period. Xponance Inc.’s holdings in Q2 were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of QTWO. State Street Corp raised its position in Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock worth $2,451,000 after acquiring an additional 7,475 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after acquiring an additional 42,433 shares during the period. Intech Investment Management LLC bought a new position in Q2 in the third quarter valued at about $1,227,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Q2 in the fourth quarter worth about $288,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Stifel Nicolaus raised their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Stephens reissued an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Needham & Company LLC raised their price target on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Citigroup upped their price objective on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.27.

Insiders Place Their Bets

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. This trade represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,835 shares of company stock valued at $11,959,517 in the last quarter. 3.00% of the stock is currently owned by insiders.

Q2 Stock Performance

Shares of QTWO opened at $82.56 on Thursday. Q2 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s 50 day moving average price is $87.32 and its two-hundred day moving average price is $90.52. The firm has a market cap of $5.01 billion, a P/E ratio of -127.01 and a beta of 1.62.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal 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.