Conestoga Sells 64K Q2 Shares

18 hours ago 2

Lawrence Rothman, CFA, The Motley Fool

Mon, April 27, 2026 astatine 7:14 AM CDT 3 min read

Q2 Holdings (NYSE:QTWO) delivers cloud-based integer banking platforms to determination and assemblage fiscal institutions crossed the U.S.

Conestoga Capital Advisors, LLC reported selling 64,786 shares of Q2 Holdings successful its April 24 SEC filing.

According to an SEC filing dated April 24, Conestoga Capital Advisors, LLC reduced its presumption successful Q2 Holdings by 64,786 shares during the archetypal quarter. After the sale, the money reported holding 1,782,715 Q2 shares worthy $84.3 million.

Top holdings aft the filing:
- NYSE: RBC: $233.2 cardinal (4.7% of AUM)
- NASDAQ: CWST: $222.5 cardinal (4.4% of AUM)
- NASDAQ: BCPC: $212.1 cardinal (4.2% of AUM)
- NASDAQ: FSV: $195.3 cardinal (3.9% of AUM)
- NASDAQ: ROAD: $183.8 cardinal (3.7% of AUM)

Metric

Value

Revenue (TTM)	$794.8 million
Net Income (TTM)	$52.0 million
Price (as of April 24 marketplace close)	$49.46
One-Year Price Change	-37.5%

Q2 Holdings delivers scalable, cloud-based bundle to determination and assemblage fiscal institutions, enabling integer translation of banking services. The institution addresses security, relationship management, payments, and lawsuit engagement needs.

Provides cloud-based integer banking solutions, including user and commercialized banking platforms, information analytics, distant deposit capture, integer relationship opening, and outgo solutions.
Serves determination and assemblage fiscal institutions successful the United States, targeting banks and recognition unions seeking to modernize integer lawsuit engagement.
Operates a recurring gross SaaS model, generating income chiefly from subscription fees and usage-based charges for integer banking and fintech services.

It’s hard for investors to work overmuch into Conestoga’s banal merchantability during the archetypal quarter. After all, it trimmed its holding by astir 65,000, and inactive holds 1.8 cardinal shares. This accounts for 1.7% of its reported AUM.

Still, Q2 Holdings’ shares person severely underperformed the wide market. Over the past year, done April 24, the banal returned -37.5%. During this time, the S&P 500 scale produced a full instrumentality of 31.3%, and the Nasdaq Composite returned 43.8%.

Turning to results, the institution generated a coagulated 14% year-over-year gross maturation past year. Management projected a 10% gross summation this year.

It reported nett income nether mostly accepted accounting principles of $52 cardinal compared to a $38.5 cardinal loss.

Stock investors person precocious net maturation expectations, however. The shares person a price-to-earnings (P/E) ratio of 63. That makes the stock terms susceptible to immoderate motion of slowing growth.

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