Nicholas Company Inc. Maintains Position in Q2 Holdings, Inc. (QTWO)

Nicholas Company Inc. held its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,930 shares of the technology company’s stock at the end of the first quarter. Nicholas Company Inc. owned approximately 0.37% of Q2 Holdings worth $5,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Columbia Wanger Asset Management LLC boosted its position in shares of Q2 Holdings by 241.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,005,436 shares of the technology company’s stock valued at $35,039,000 after buying an additional 710,954 shares in the last quarter. OppenheimerFunds Inc. purchased a new position in shares of Q2 Holdings during the first quarter valued at $21,406,000. Franklin Resources Inc. boosted its position in shares of Q2 Holdings by 180.9% in the fourth quarter. Franklin Resources Inc. now owns 800,686 shares of the technology company’s stock valued at $23,100,000 after buying an additional 515,629 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of Q2 Holdings during the first quarter valued at $8,395,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Q2 Holdings during the first quarter valued at $8,395,000. 93.74% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Q2 Holdings (NYSE:QTWO)

Q2 Holdings, Inc. (NYSE:QTWO) traded down 2.20% during midday trading on Tuesday, hitting $37.70. The stock had a trading volume of 87,908 shares. The firm’s market cap is $1.54 billion. The stock has a 50-day moving average of $38.82 and a 200-day moving average of $34.75. Q2 Holdings, Inc. has a 52 week low of $25.23 and a 52 week high of $40.50.

Q2 Holdings (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. The company had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.37 million. Q2 Holdings had a negative return on equity of 23.21% and a negative net margin of 20.96%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($271.00) earnings per share. Analysts forecast that Q2 Holdings, Inc. will post ($0.11) EPS for the current fiscal year.

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Several research analysts recently weighed in on QTWO shares. BTIG Research raised Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Friday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of Q2 Holdings in a research report on Friday, May 5th. Canaccord Genuity reiterated a “buy” rating and issued a $43.00 price target on shares of Q2 Holdings in a research report on Friday, May 5th. Zacks Investment Research downgraded Q2 Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd. Finally, ValuEngine raised Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.86.

In related news, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $37.63, for a total transaction of $37,630.00. Following the sale, the director now owns 6,043 shares in the company, valued at $227,398.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam D. Anderson sold 43,952 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $38.38, for a total value of $1,686,877.76. Following the sale, the insider now owns 65,805 shares in the company, valued at approximately $2,525,595.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 425,146 shares of company stock worth $15,780,380. Corporate insiders own 38.10% of the company’s stock.

Q2 Holdings Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

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