Bayesian Capital Management LP Has $329,000 Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Bayesian Capital Management LP lessened its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 59.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,254 shares of the technology company’s stock after selling 9,300 shares during the period. Bayesian Capital Management LP’s holdings in Q2 were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MCF Advisors LLC grew its stake in 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 acquiring an additional 374 shares in the last quarter. International Assets Investment Management LLC grew its stake in Q2 by 2,582.4% during the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after acquiring an additional 878 shares in the last quarter. Arcadia Investment Management Corp MI grew its stake in 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 acquiring an additional 738 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Q2 during the 1st quarter valued at about $50,000. Finally, Criterion Capital Advisors LLC purchased a new position in Q2 during the 4th quarter valued at about $152,000.

Insider Activity at Q2

In related news, EVP Jonathan Price sold 11,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $60.00, for a total value of $660,000.00. Following the completion of the transaction, the executive vice president now directly owns 226,079 shares in the company, valued at $13,564,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Q2 news, insider Kimberly Anne Rutledge sold 1,953 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $65.00, for a total value of $126,945.00. Following the sale, the insider now directly owns 115,436 shares in the company, valued at $7,503,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Price sold 11,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $60.00, for a total value of $660,000.00. Following the completion of the sale, the executive vice president now owns 226,079 shares in the company, valued at $13,564,740. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,637 shares of company stock worth $5,224,320. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

QTWO has been the topic of several research analyst reports. Needham & Company LLC lifted their target price on Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. DA Davidson cut Q2 from a “buy” rating to a “neutral” rating and boosted their price target for the company from $65.00 to $76.00 in a research note on Wednesday, July 24th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price target (up previously from $40.00) on shares of Q2 in a research note on Thursday, May 2nd. Robert W. Baird boosted their price target on Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Truist Financial reissued a “buy” rating and issued a $68.00 price target on shares of Q2 in a research note on Monday, July 1st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Q2 has a consensus rating of “Moderate Buy” and a consensus target price of $56.27.

Q2 Stock Up 1.6 %

Shares of QTWO stock opened at $67.45 on Thursday. Q2 Holdings, Inc. has a 12 month low of $28.91 and a 12 month high of $71.08. The firm has a market cap of $4.05 billion, a PE ratio of -49.96 and a beta of 1.55. The stock has a 50 day moving average of $62.41 and a 200-day moving average of $54.29. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The company had revenue of $165.51 million during the quarter, compared to analyst estimates of $163.58 million. On average, equities analysts predict 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.