Q2 Holdings, Inc. (NYSE:QTWO).
Adams Street Partners LLC increased its position in Q2 Holdings, Inc. shares by 0.4% in a 13F filing with the SEC. Its stake was worth $127,060,000 an increase of 6.3% according to the filing.
Adams Street Partners LLC isn’t the only one who has changed their investment in QTWO. As of the end of the quarter Jennison Associates LLC had acquired a total of 999 shares growing its position 0.5%. The value of the investment in Q2 Holdings, Inc. went from $7,703,000 to $6,406,000 a change of 16.8% for the reporting period. Schwab Charles Investment Management Inc expanded its ownership by buying 13,834 shares an increase of 12.7% in the quarter. Schwab Charles Investment Management Inc controls 122,454 shares valued at $4,525,000. The value of the position overall is up by 19.5%.
First Trust Advisors Lp added to its stake by buying 36,046 shares an increase of 213.2%. First Trust Advisors Lp now holds 52,950 shares with a value of $1,957,000. The total value of its holdings increased 232.3%.
On June 27 analysts at SunTrust Robinson Humphrey issued its first research report on the stock by announcing an initial rating of “Buy”. On November 18, 2016 Pacific Crest started covering QTWO giving it an initial rating of “Sector Weight”.
On November 14 the company was downgraded from “” to “Neutral” by analysts at BTIG Research. On July 25, 2016 the stock rating was set at “Equal-weight” by Morgan Stanley a cut from the previous “” rating.
Equity analyst Needham released its first research report on the stock with a rating of “Buy”. Craig-Hallum began coverage setting a rating of “Buy” and establishing a price target of $32.00.
In the market the company is trading up by 0.14% since yesterday’s close of $37. It is trading at $37.05 marginally under the 50 day moving average which is $37.99 and a tad higher than the 200 day moving average of $36.46. The 50 day moving average moved down $-1.09 whereas the 200 day moving average was up $0.44 or +1.21%.
In the latest earnings report the EPS was $-0.84 and is estimated to be $-0.12 for the current year with 40,950,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.03 with next year’s EPS anticipated to be $0.15.