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

Xponance Inc. boosted its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 13.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,352 shares of the technology company’s stock after buying 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 SEC.

Several other hedge funds have also recently bought and sold shares of QTWO. Natixis Advisors LLC increased its stake in shares of Q2 by 4.5% during the third quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock worth $1,391,000 after purchasing an additional 744 shares during the period. Intech Investment Management LLC acquired a new position in Q2 in the 3rd quarter valued at $1,227,000. Harvest Fund Management Co. Ltd bought a new position in Q2 during the 3rd quarter worth $244,000. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 7,475 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Q2 by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,307 shares of the technology company’s stock valued at $1,061,000 after acquiring an additional 1,584 shares during the period.

Q2 Stock Performance

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

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

Insider Activity

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the transaction, the insider now directly owns 113,278 shares of the company’s stock, valued at $8,396,165.36. This trade represents a 5.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 157,835 shares of company stock valued at $11,959,517 over the last quarter. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on QTWO shares. Truist Financial reiterated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a research note on Wednesday, December 18th. Stifel Nicolaus raised their price objective on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Citigroup upped their target price on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Stephens restated an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.27.

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.