From MarketBeat:

Conestoga Capital Advisors LLC decreased its stakes in Q2 Holdings, Inc. by 11.4% in the 3rd quarter, selling 251,104 shares, with 3.33% ownership worth $62,817,000. Other investors including Allspring Global Investments Holdings LLC, Handelsbanken Fonder AB, Counterpoint Mutual Funds LLC, Swiss National Bank, and MetLife Investment Management LLC also adjusted their holdings. Shares for QTWO stock traded down to $41.60 with 55,271 trading volume. The company has a market cap of $2.44 billion, a P/E ratio of -30.75, and a beta of 1.53. Additionally, Q2 Holdings, Inc. reported ($0.15) EPS for the quarter, with revenue of $154.97 million and a negative return on equity of 9.11%. According to Equities research analysts, Q2 Holdings, Inc. will post -0.53 EPS for the current year. Insider activity includes CFO David J. Mehok selling 741 shares and Director R. H. Seale selling 22,300 shares of the company’s stock. Over the last quarter, insiders sold 67,176 shares, equivalent to 3.60% of the company’s stock. Stephens has upgraded Q2 from an “equal weight” rating to an “overweight” rating and upped their target price to $46.00, while other equities analysts have a consensus target price of $38.60 for Q2. The company has an average rating of “Moderate Buy.” Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. They offer a Digital Banking Platform that supports their financial institution customers in the delivery of unified digital banking services across digital channels. MarketBeat’s latest report on QTWO provides insights for potential investors to consider. MarketBeat tracks top-rated and best performing research analysts and stocks they recommend to their clients. While Q2 has a “Moderate Buy” rating, MarketBeat has identified five better buy stocks. MarketBeat provides a list of the 10 best stocks to own in 2024.



Read more: Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Conestoga Capital Advisors LLC