Fox Run Management L.L.C. acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,064 shares of the technology company's stock, valued at approximately $308,000.
Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Q2 in the 4th quarter valued at $29,000. Quarry LP boosted its stake in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after buying an additional 336 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Q2 in the fourth quarter valued at about $30,000. TCTC Holdings LLC acquired a new position in Q2 during the fourth quarter worth about $30,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Q2 in the fourth quarter worth about $32,000.
Insider Activity
In related news, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,835 shares of company stock worth $11,959,517 in the last three months. Company insiders own 3.00% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on QTWO. Baird R W downgraded shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Stephens reiterated an "overweight" rating and issued a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Truist Financial reaffirmed a "buy" rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Finally, Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.47.
Check Out Our Latest Stock Report on Q2
Q2 Trading Down 1.4 %
QTWO traded down $1.16 during trading on Monday, hitting $79.68. The company's stock had a trading volume of 164,393 shares, compared to its average volume of 637,907. The firm has a market capitalization of $4.84 billion, a P/E ratio of -122.36 and a beta of 1.62. Q2 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82. The stock's fifty day moving average price is $86.84 and its 200-day moving average price is $90.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.
Q2 (NYSE:QTWO - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.
About Q2
(
Free Report)
Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.
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