American Century Companies Inc. Sells 24,669 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

American Century Companies Inc. decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,184,688 shares of the technology company's stock after selling 24,669 shares during the quarter. American Century Companies Inc. owned approximately 1.96% of Q2 worth $119,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. William Blair Investment Management LLC bought a new stake in Q2 during the 4th quarter worth about $202,645,000. State Street Corp grew its stake in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock valued at $133,118,000 after purchasing an additional 5,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Q2 by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company's stock valued at $107,963,000 after purchasing an additional 19,520 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after purchasing an additional 10,636 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in Q2 by 9.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 375,700 shares of the technology company's stock worth $37,814,000 after buying an additional 31,175 shares in the last quarter.

Remove Ads

Q2 Stock Up 1.6 %

NYSE QTWO traded up $1.34 during trading on Tuesday, hitting $84.16. The stock had a trading volume of 337,924 shares, compared to its average volume of 781,380. The company has a market capitalization of $5.11 billion, a PE ratio of -129.47 and a beta of 1.62. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82. The company's 50-day moving average price is $87.69 and its two-hundred day moving average price is $90.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

Q2 (NYSE:QTWO - Get Free Report) last announced 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, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Activity at Q2

In other news, CRO Michael A. Volanoski sold 15,005 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $1,112,170.60. Following the completion of the sale, the executive now directly owns 197,966 shares of the company's stock, valued at $14,673,239.92. This trade represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jonathan Price sold 42,652 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the transaction, the chief financial officer now directly owns 209,378 shares in the company, valued at $15,571,441.86. The trade was a 16.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,835 shares of company stock valued at $11,959,517. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

QTWO has been the topic of several recent research reports. Citigroup raised their price target on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Truist Financial restated a "buy" rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Royal Bank of Canada raised their price target on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Needham & Company LLC raised their target price on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $105.27.

Q2 Company 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.