Q2 Holdings, Inc. (QTWO) Holdings Reduced by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 56.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,328 shares of the technology company’s stock after selling 8,328 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Q2 were worth $264,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Strs Ohio lifted its holdings in Q2 by 6.6% in the second quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $299,000 after acquiring an additional 500 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Q2 by 1.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 67,332 shares of the technology company’s stock worth $2,487,000 after buying an additional 701 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Q2 by 38.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after buying an additional 759 shares during the last quarter. Sei Investments Co. raised its stake in shares of Q2 by 36.9% during the 2nd quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock worth $131,000 after buying an additional 959 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Q2 by 19.7% during the 2nd quarter. Legal & General Group Plc now owns 7,256 shares of the technology company’s stock worth $269,000 after buying an additional 1,195 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

Shares of Q2 Holdings, Inc. (QTWO) traded up $0.85 during mid-day trading on Wednesday, reaching $40.70. 251,300 shares of the company traded hands, compared to its average volume of 221,404. Q2 Holdings, Inc. has a 12-month low of $28.30 and a 12-month high of $44.35.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The firm had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. During the same quarter in the previous year, the company posted ($0.24) EPS. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. equities analysts expect that Q2 Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.

QTWO has been the subject of several research reports. KeyCorp reaffirmed a “hold” rating on shares of Q2 in a research note on Wednesday, September 13th. Zacks Investment Research raised Q2 from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Wednesday, August 9th. Morgan Stanley lifted their price target on Q2 from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $43.00 price target on shares of Q2 in a research note on Monday, October 30th. Finally, BidaskClub raised Q2 from a “hold” rating to a “buy” rating in a research note on Sunday, October 15th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Q2 presently has an average rating of “Buy” and an average target price of $44.90.

In related news, Director Carl James Schaper sold 20,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $39.41, for a total value of $788,200.00. Following the completion of the transaction, the director now owns 44,172 shares of the company’s stock, valued at approximately $1,740,818.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Noel Harris sold 10,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.49, for a total transaction of $404,900.00. Following the completion of the transaction, the chief financial officer now directly owns 74,575 shares of the company’s stock, valued at approximately $3,019,541.75. The disclosure for this sale can be found here. Insiders sold a total of 1,001,575 shares of company stock valued at $41,541,893 in the last three months. 24.50% of the stock is currently owned by corporate insiders.

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Q2 Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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