CANADA LIFE ASSURANCE Co Has $5.95 Million Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

CANADA LIFE ASSURANCE Co lessened its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,084 shares of the technology company's stock after selling 12,865 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.10% of Q2 worth $5,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC lifted its stake in Q2 by 104.0% during the third quarter. Barclays PLC now owns 163,138 shares of the technology company's stock worth $13,012,000 after purchasing an additional 83,181 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Q2 by 48.7% during the 3rd quarter. Tidal Investments LLC now owns 10,646 shares of the technology company's stock worth $849,000 after buying an additional 3,486 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Q2 by 17.5% during the 3rd quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company's stock worth $3,888,000 after buying an additional 7,053 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock valued at $14,095,000 after buying an additional 49,233 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after acquiring an additional 42,433 shares in the last quarter.

Insider Activity

In related news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value 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 $1,516,518.36. The trade was a 5.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock worth $14,853,965 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Q2 Price Performance

QTWO stock opened at $77.42 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The company's fifty day simple moving average is $79.09 and its 200 day simple moving average is $90.13. Q2 Holdings, Inc. has a 12-month low of $50.91 and a 12-month high of $112.82. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -119.11 and a beta of 1.61.

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 negative net margin of 5.53% and a positive return on equity of 0.85%. On average, analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Baird R W downgraded shares of Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Royal Bank of Canada raised their target price on shares of Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price target on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Stifel Nicolaus boosted their price objective on Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Raymond James increased their target price on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.33.

About Q2

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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