B. Metzler seel. Sohn & Co. AG Sells 15,584 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

B. Metzler seel. Sohn & Co. AG cut its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 48.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,499 shares of the technology company's stock after selling 15,584 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Q2 were worth $1,661,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in shares of Q2 in the 4th quarter valued at $29,000. Quarry LP raised its position in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after purchasing an additional 336 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Q2 in the 4th quarter valued at approximately $30,000. TCTC Holdings LLC acquired a new stake in Q2 in the 4th quarter valued at $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Q2 in the fourth quarter valued at $32,000.

Insider Buying and Selling

In other Q2 news, CEO Matthew P. Flake sold 36,023 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the sale, the chief executive officer now owns 485,666 shares in the company, valued at $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James Offerdahl sold 1,000 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock valued at $14,853,965 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on QTWO. Robert W. Baird reissued a "neutral" rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Truist Financial reiterated a "buy" rating and set a $110.00 price target (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price target on shares of Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Needham & Company LLC lifted their target price on Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, KeyCorp upgraded Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $105.47.

Q2 Stock Performance

Q2 stock traded down $1.80 during trading hours on Monday, hitting $68.52. The company had a trading volume of 414,618 shares, compared to its average volume of 643,123. The firm has a 50-day moving average of $85.20 and a 200 day moving average of $90.91. 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 firm has a market cap of $4.16 billion, a PE ratio of -105.33 and a beta of 1.61. Q2 Holdings, Inc. has a one year low of $49.56 and a one year high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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%. On average, sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

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.