Creative Planning Grows Position in Q2 Holdings, Inc. (NYSE:QTWO)

Creative Planning lifted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 62.5% in the third quarter, Holdings Channel reports. The firm owned 19,834 shares of the technology company’s stock after purchasing an additional 7,631 shares during the period. Creative Planning’s holdings in Q2 were worth $1,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QTWO. CWM LLC grew its stake in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after buying an additional 169 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Q2 during the 1st quarter worth $50,000. Quest Partners LLC acquired a new stake in Q2 in the 2nd quarter valued at $153,000. nVerses Capital LLC purchased a new position in Q2 in the second quarter valued at about $181,000. Finally, SG Americas Securities LLC acquired a new position in shares of Q2 during the first quarter worth about $173,000.

Q2 Price Performance

Shares of NYSE QTWO opened at $84.81 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of -73.10 and a beta of 1.59. Q2 Holdings, Inc. has a twelve month low of $28.91 and a twelve month high of $85.41. The business has a 50 day simple moving average of $77.53 and a 200-day simple moving average of $67.23.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. The business had revenue of $172.89 million for the quarter, compared to the consensus estimate of $170.67 million. As a group, equities research analysts expect that Q2 Holdings, Inc. will post -0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

QTWO has been the subject of a number of recent research reports. Citigroup lowered Q2 from a “buy” rating to a “neutral” rating and increased their target price for the company from $72.00 to $90.00 in a research note on Friday, October 18th. DA Davidson reiterated a “neutral” rating and set a $76.00 price objective on shares of Q2 in a research note on Monday, September 30th. The Goldman Sachs Group upped their target price on shares of Q2 from $59.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. BTIG Research raised their price target on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Needham & Company LLC reiterated an “underperform” rating on shares of Q2 in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.64.

Insider Activity

In related news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the sale, the executive now owns 227,672 shares in the company, valued at $16,376,446.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Jonathan Price sold 11,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $71.64, for a total value of $788,040.00. Following the sale, the executive vice president now owns 215,079 shares of the company’s stock, valued at $15,408,259.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the transaction, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,963 shares of company stock valued at $3,109,699. Company insiders own 3.00% of the company’s stock.

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.