Teacher Retirement System of Texas Grows Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Teacher Retirement System of Texas increased its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 95.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,254 shares of the technology company’s stock after buying an additional 7,941 shares during the period. Teacher Retirement System of Texas’ holdings in Q2 were worth $706,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. MCF Advisors LLC raised its position in shares of Q2 by 156.5% during the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after buying an additional 374 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Q2 by 2,582.4% in the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after purchasing an additional 878 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in shares of Q2 by 193.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after purchasing an additional 738 shares during the last quarter. RiverPark Advisors LLC raised its holdings in shares of Q2 by 261.0% during the 4th quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock valued at $58,000 after buying an additional 963 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in Q2 in the 4th quarter worth approximately $152,000.

Insider Activity

In other news, CRO Michael A. Volanoski sold 2,369 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.10, for a total value of $118,686.90. Following the sale, the executive now directly owns 174,024 shares of the company’s stock, valued at approximately $8,718,602.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Q2 news, Director R. H. Seale sold 9,000 shares of Q2 stock in a transaction on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the transaction, the director now owns 363,754 shares in the company, valued at $18,224,075.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 2,369 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total value of $118,686.90. Following the completion of the sale, the executive now directly owns 174,024 shares in the company, valued at $8,718,602.40. The disclosure for this sale can be found here. Insiders sold a total of 166,141 shares of company stock worth $7,804,773 in the last quarter. 3.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price target on shares of Q2 from $46.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. Robert W. Baird boosted their price target on shares of Q2 from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price objective (up from $40.00) on shares of Q2 in a research note on Thursday, May 2nd. DA Davidson boosted their target price on Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Needham & Company LLC raised their price target on Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.33.

Q2 Stock Up 1.3 %

Shares of Q2 stock opened at $62.27 on Friday. The company’s fifty day simple moving average is $55.18 and its two-hundred day simple moving average is $46.35. Q2 Holdings, Inc. has a 12-month low of $26.54 and a 12-month high of $64.17. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.06. The company has a market cap of $3.74 billion, a P/E ratio of -46.13 and a beta of 1.47.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $165.51 million during the quarter, compared to the consensus estimate of $163.58 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. Research analysts anticipate that Q2 Holdings, Inc. will post -0.05 EPS for the current year.

About Q2

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.