Q2 Holdings Inc (QTWO) : Battery Partners Ix reduced its stake in Q2 Holdings Inc by 20.27% during the most recent quarter end. The investment management company now holds a total of 2,162,769 shares of Q2 Holdings Inc which is valued at $56,772,686 after selling 550,000 shares in Q2 Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Q2 Holdings Inc makes up approximately 30.82% of Battery Partners Ix’s portfolio.
Other Hedge Funds, Including , Clearbridge boosted its stake in QTWO in the latest quarter, The investment management firm added 23,470 additional shares and now holds a total of 432,146 shares of Q2 Holdings Inc which is valued at $11,343,833. Q2 Holdings Inc makes up approx 0.21% of Clearbridge’s portfolio. Marshall Wace Llp added QTWO to its portfolio by purchasing 64,928 company shares during the most recent quarter which is valued at $1,704,360. Q2 Holdings Inc makes up approx 0.01% of Marshall Wace Llp’s portfolio.Teachers Advisors Inc boosted its stake in QTWO in the latest quarter, The investment management firm added 11,067 additional shares and now holds a total of 40,926 shares of Q2 Holdings Inc which is valued at $1,074,308.Jennison Associates reduced its stake in QTWO by selling 16,530 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 1,887,973 shares of QTWO which is valued at $57,337,740. Q2 Holdings Inc makes up approx 0.06% of Jennison Associates’s portfolio.
Q2 Holdings Inc opened for trading at $28.07 and hit $28.57 on the upside on Thursday, eventually ending the session at $28.47, with a gain of 0.53% or 0.15 points. The heightened volatility saw the trading volume jump to 1,93,772 shares. Company has a market cap of $1,133 M.
On the company’s financial health, Q2 Holdings Inc reported $-0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.12. The company had revenue of $36.00 million for the quarter, compared to analysts expectations of $35.61 million. The company’s revenue was up 36.9% compared to the same quarter last year.
Many Wall Street Analysts have commented on Q2 Holdings Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 31 from a previous price target of $27 .Q2 Holdings Inc was Initiated by Morgan Stanley to “Equal-Weight” on Jul 25, 2016. Needham Resumed Q2 Holdings Inc on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $34.
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.