Arcadia Investment Management Corp MI Grows Position in Q2 Holdings, Inc. (NYSE:QTWO)

Arcadia Investment Management Corp MI raised its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 193.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,119 shares of the technology company’s stock after purchasing an additional 738 shares during the period. Arcadia Investment Management Corp MI’s holdings in Q2 were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of QTWO. Jennison Associates LLC lifted its position in shares of Q2 by 147.4% in the third quarter. Jennison Associates LLC now owns 1,225,286 shares of the technology company’s stock valued at $39,540,000 after acquiring an additional 729,959 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Q2 by 7.5% during the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after buying an additional 487,111 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Q2 by 855.4% in the fourth quarter. Victory Capital Management Inc. now owns 451,647 shares of the technology company’s stock worth $19,606,000 after buying an additional 404,372 shares in the last quarter. North Reef Capital Management LP boosted its position in shares of Q2 by 21.2% during the third quarter. North Reef Capital Management LP now owns 2,070,000 shares of the technology company’s stock worth $66,799,000 after acquiring an additional 362,227 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in Q2 by 13.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,203,414 shares of the technology company’s stock valued at $95,650,000 after acquiring an additional 256,802 shares in the last quarter.

Q2 Trading Up 0.9 %

QTWO stock traded up $0.53 during midday trading on Thursday, reaching $62.87. The company’s stock had a trading volume of 437,615 shares, compared to its average volume of 644,755. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -46.57 and a beta of 1.47. Q2 Holdings, Inc. has a 1 year low of $24.10 and a 1 year high of $63.28. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a fifty day simple moving average of $52.07 and a two-hundred day simple moving average of $43.97.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $162.12 million during the quarter, compared to analyst estimates of $161.31 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. On average, equities research analysts predict that Q2 Holdings, Inc. will post -0.02 EPS for the current year.

Analyst Upgrades and Downgrades

QTWO has been the subject of several research reports. Piper Sandler increased their price objective on shares of Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Morgan Stanley restated an “equal weight” rating and set a $50.00 price target (up previously from $40.00) on shares of Q2 in a report on Thursday, May 2nd. Truist Financial reaffirmed a “buy” rating and set a $65.00 price objective (up from $60.00) on shares of Q2 in a report on Thursday, May 2nd. BTIG Research raised their target price on shares of Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC upped their price target on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.33.

Insider Buying and Selling

In related news, CEO Matthew P. Flake sold 33,767 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $42.93, for a total transaction of $1,449,617.31. Following the transaction, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at approximately $20,323,534.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Q2 news, CEO Matthew P. Flake sold 33,767 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $42.93, for a total transaction of $1,449,617.31. Following the transaction, the chief executive officer now owns 473,411 shares in the company, valued at approximately $20,323,534.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Kirk L. Coleman sold 2,904 shares of Q2 stock in a transaction on Monday, March 4th. The stock was sold at an average price of $46.01, for a total transaction of $133,613.04. Following the sale, the president now owns 253,015 shares of the company’s stock, valued at $11,641,220.15. The disclosure for this sale can be found here. Insiders sold a total of 200,702 shares of company stock valued at $9,285,792 over the last three months. 3.60% of the stock is owned by company insiders.

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.