Capital Research Global Investors Increases Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Capital Research Global Investors grew its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,518,376 shares of the technology company's stock after acquiring an additional 152,872 shares during the quarter. Capital Research Global Investors owned 2.51% of Q2 worth $152,825,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Curi RMB Capital LLC grew its position in shares of Q2 by 150.5% in the fourth quarter. Curi RMB Capital LLC now owns 78,656 shares of the technology company's stock valued at $7,917,000 after purchasing an additional 47,261 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Q2 by 404.2% during the 4th quarter. Marshall Wace LLP now owns 28,740 shares of the technology company's stock worth $2,893,000 after acquiring an additional 23,040 shares during the period. NewEdge Advisors LLC increased its stake in Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after acquiring an additional 275 shares during the last quarter. Mariner LLC lifted its stake in Q2 by 36.2% during the fourth quarter. Mariner LLC now owns 3,644 shares of the technology company's stock worth $367,000 after purchasing an additional 968 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock valued at $620,000 after purchasing an additional 195 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Baird R W downgraded Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Compass Point reiterated a "neutral" rating and set a $60.00 target price on shares of Q2 in a research report on Monday, April 7th. Citigroup boosted their price objective on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Stephens restated an "overweight" rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $102.33.

Q2 Stock Up 3.3 %

Shares of QTWO traded up $2.46 during midday trading on Wednesday, reaching $77.42. 535,418 shares of the stock were exchanged, compared to its average volume of 652,159. Q2 Holdings, Inc. has a 52 week low of $50.91 and a 52 week high of $112.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $4.70 billion, a P/E ratio of -119.11 and a beta of 1.61. The company's 50 day moving average is $79.09 and its two-hundred day moving average is $90.13.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data 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, sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insiders Place Their Bets

In other Q2 news, insider Kimberly Anne Rutledge sold 6,656 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares of the company's stock, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,858 shares of company stock worth $14,853,965. 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.