Wall Street Associates Lowers stake in Q2 Holdings Inc (QTWO)

Q2 Holdings Inc (QTWO) : Wall Street Associates reduced its stake in Q2 Holdings Inc by 24.68% during the most recent quarter end. The investment management company now holds a total of 121,445 shares of Q2 Holdings Inc which is valued at $2.9 Million after selling 39,797 shares in Q2 Holdings Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Q2 Holdings Inc makes up approximately 1.21% of Wall Street Associates’s portfolio.

Other Hedge Funds, Including , Tiverton Asset Management reduced its stake in QTWO by selling 16,288 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 183,712 shares of QTWO which is valued at $4.3 Million. Q2 Holdings Inc makes up approx 0.15% of Tiverton Asset Management’s portfolio.Blackrock Investment Management boosted its stake in QTWO in the latest quarter, The investment management firm added 497 additional shares and now holds a total of 69,168 shares of Q2 Holdings Inc which is valued at $1.6 Million. State Of Wisconsin Investment Board added QTWO to its portfolio by purchasing 140,000 company shares during the most recent quarter which is valued at $3.2 Million. Q2 Holdings Inc makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.Gilder Gagnon Howe Co reduced its stake in QTWO by selling 315,105 shares or 35.18% in the most recent quarter. The Hedge Fund company now holds 580,469 shares of QTWO which is valued at $13.5 Million. Q2 Holdings Inc makes up approx 0.27% of Gilder Gagnon Howe Co’s portfolio.First Mercantile Trust Co reduced its stake in QTWO by selling 60 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 1,860 shares of QTWO which is valued at $44,473. Q2 Holdings Inc makes up approx 0.01% of First Mercantile Trust Co’s portfolio.

Q2 Holdings Inc closed down -0.11 points or -0.44% at $24.82 with 2,00,328 shares getting traded on Wednesday. Post opening the session at $24.92, the shares hit an intraday low of $24.45 and an intraday high of $25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Q2 Holdings Inc reported $-271 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 9, 2016. Analyst had a consensus of $-271.02. The company had revenue of $33.80 million for the quarter, compared to analysts expectations of $33.10 million. The company’s revenue was up 39.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on Q2 Holdings Inc. Craig Hallum Initiated Q2 Holdings Inc on Mar 15, 2016 to “Buy”, Price Target of the shares are set at $32.First Analysis Sec Initiated Q2 Holdings Inc on Mar 2, 2016 to “Overweight”, Price Target of the shares are set at $26.

Q2 Holdings Inc. (Q2) is a provider of secure cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. It delivers virtual banking experience across online mobile voice and tablet channels. Its software-as-a-service (SaaS) delivery model is designed to scale with its customers as they add account holders on its solutions. RCFIs can configure the Company’s solutions to function in a manner that is consistent with their specific workflows processes and controls and personalize the experiences they deliver to their account holders by extending the services and local character of their branches across digital channels. It sells subscriptions to its cloud-based solutions through its direct sales organization. The Company’s solutions include Q2online Q2 Risk & Fraud Analytics Q2 Treasury Q2mobility App Q2mobile Remote Deposit Capture Q2text Q2voice Q2themes and Q2clarity.

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