Robeco Institutional Asset Management B.V. Acquires 47,688 Shares of Q2 Holdings (QTWO)

Robeco Institutional Asset Management B.V. grew its holdings in Q2 Holdings (NYSE:QTWO) by 41.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 162,000 shares of the technology company’s stock after purchasing an additional 47,688 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.38% of Q2 worth $7,379,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Q2 by 7.0% in the 4th quarter. BlackRock Inc. now owns 2,066,353 shares of the technology company’s stock valued at $76,145,000 after purchasing an additional 135,134 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of Q2 by 15.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,630,218 shares of the technology company’s stock valued at $60,074,000 after purchasing an additional 218,855 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Q2 by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,549,549 shares of the technology company’s stock valued at $57,102,000 after purchasing an additional 45,177 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Q2 by 21.5% in the 4th quarter. OppenheimerFunds Inc. now owns 1,226,098 shares of the technology company’s stock valued at $45,182,000 after purchasing an additional 217,200 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Q2 by 11.5% in the 4th quarter. Macquarie Group Ltd. now owns 796,669 shares of the technology company’s stock valued at $29,357,000 after purchasing an additional 82,441 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

QTWO has been the subject of several recent research reports. Zacks Investment Research lowered shares of Q2 from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Needham & Company LLC boosted their price target on shares of Q2 from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, February 16th. Morgan Stanley boosted their price target on shares of Q2 from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. DA Davidson boosted their price target on shares of Q2 from $38.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, May 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Q2 from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.25.

In other Q2 news, CEO Matthew P. Flake sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $49.31, for a total transaction of $986,200.00. Following the sale, the chief executive officer now owns 280,008 shares of the company’s stock, valued at approximately $13,807,194.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 45,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $43.13, for a total transaction of $1,947,319.50. Following the sale, the chief executive officer now directly owns 201,761 shares in the company, valued at approximately $8,701,951.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,561 shares of company stock worth $16,619,762. 24.50% of the stock is owned by insiders.

Shares of Q2 stock opened at $57.50 on Friday. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 1.13. Q2 Holdings has a 52-week low of $31.95 and a 52-week high of $58.60. The company has a market capitalization of $2.45 billion, a PE ratio of -119.79 and a beta of 1.40.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Q2 had a negative net margin of 12.32% and a negative return on equity of 16.28%. The firm had revenue of $54.80 million for the quarter, compared to the consensus estimate of $53.01 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. equities research analysts expect that Q2 Holdings will post -0.5 earnings per share for the current fiscal year.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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