Alberta Investment Management Corp Decreases Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Alberta Investment Management Corp decreased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 33.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,452 shares of the technology company's stock after selling 21,477 shares during the quarter. Alberta Investment Management Corp owned about 0.07% of Q2 worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Highland Capital Management LLC raised its stake in Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock valued at $279,000 after buying an additional 172 shares in the last quarter. Parallax Volatility Advisers L.P. raised its stake in shares of Q2 by 5.5% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company's stock worth $443,000 after buying an additional 288 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in Q2 during the fourth quarter worth approximately $32,000. Quarry LP raised its position in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after purchasing an additional 336 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Q2 by 0.4% in the fourth quarter. Rhumbline Advisers now owns 81,652 shares of the technology company's stock worth $8,218,000 after acquiring an additional 355 shares in the last quarter.

Q2 Price Performance

Shares of NYSE QTWO traded down $2.86 during mid-day trading on Friday, hitting $87.84. 1,083,272 shares of the stock traded hands, compared to its average volume of 690,979. Q2 Holdings, Inc. has a twelve month low of $43.55 and a twelve month high of $112.82. The firm has a 50 day simple moving average of $97.14 and a two-hundred day simple moving average of $88.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $5.33 billion, a PE ratio of -135.13 and a beta of 1.61.

Q2 (NYSE:QTWO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on QTWO shares. Compass Point boosted their price target on shares of Q2 from $91.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Morgan Stanley increased their price target on shares of Q2 from $65.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective on the stock in a report on Wednesday, December 18th. Finally, Raymond James boosted their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $102.13.

Insider Activity at Q2

In related news, President Kirk L. Coleman sold 10,428 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the transaction, the president now owns 337,643 shares in the company, valued at $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.12, for a total value of $543,652.76. Following the completion of the transaction, the executive now directly owns 218,371 shares of the company's stock, valued at approximately $23,173,530.52. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,288 shares of company stock worth $3,003,523 over the last three months. Company insiders own 3.00% of the company's stock.

Q2 Profile

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.