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

B. Metzler seel. Sohn & Co. AG decreased its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in shares of Q2 in the 4th quarter valued at $29,000. Quarry LP boosted its holdings 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 acquiring an additional 336 shares during 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 stake in Q2 in the fourth quarter worth about $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Q2 during the 4th quarter worth about $32,000.

Analyst Upgrades and Downgrades

QTWO has been the subject of several analyst reports. Baird R W cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Robert W. Baird reiterated a "neutral" rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Raymond James increased their price target on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Royal Bank of Canada lifted their price objective on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, Citigroup increased their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $105.47.

Remove Ads

Q2 Stock Down 6.8 %

QTWO stock traded down $5.17 during mid-day trading on Friday, hitting $70.42. 1,146,902 shares of the company were exchanged, compared to its average volume of 644,243. The firm's 50 day simple moving average is $85.67 and its 200 day simple moving average is $90.73. 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 Holdings, Inc. has a 1-year low of $49.56 and a 1-year high of $112.82. The firm has a market cap of $4.28 billion, a P/E ratio of -108.33 and a beta of 1.62.

Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates 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 predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Activity at Q2

In other Q2 news, 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 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. The trade was a 5.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew P. Flake sold 36,023 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 485,666 shares of the company's stock, valued at $39,023,263.10. The trade was a 6.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by insiders.

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.