Emerald Mutual Fund Advisers Trust Decreases Stake in Q2 Holdings, Inc. $QTWO

Emerald Mutual Fund Advisers Trust cut its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 27.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 203,815 shares of the technology company’s stock after selling 77,934 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Q2 were worth $9,640,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QTWO. Headlands Technologies LLC purchased a new position in shares of Q2 in the second quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new position in Q2 during the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in Q2 during the fourth quarter valued at $27,000. Root Financial Partners LLC purchased a new position in shares of Q2 in the 1st quarter worth $25,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Q2 by 592.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock worth $59,000 after buying an additional 539 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on QTWO shares. Morgan Stanley set a $63.00 target price on shares of Q2 in a research report on Thursday, April 30th. Stifel Nicolaus set a $70.00 price objective on shares of Q2 in a research report on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Q2 in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Q2 from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group set a $77.00 price target on shares of Q2 in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.45.

Q2 Stock Up 1.7%

QTWO opened at $52.71 on Tuesday. The business has a fifty day moving average of $47.19 and a 200 day moving average of $52.94. The stock has a market cap of $3.30 billion, a P/E ratio of 47.07 and a beta of 1.33. Q2 Holdings, Inc. has a 52-week low of $40.79 and a 52-week high of $92.66.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Q2 had a return on equity of 14.68% and a net margin of 8.99%.The business had revenue of $216.51 million during the quarter, compared to analysts’ expectations of $214.40 million. During the same quarter in the previous year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts anticipate that Q2 Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Q2 Company Profile

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.