Clearbridge Investments LLC Sells 87,459 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Clearbridge Investments LLC decreased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,469 shares of the technology company's stock after selling 87,459 shares during the period. Clearbridge Investments LLC owned about 0.22% of Q2 worth $13,534,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in shares of Q2 by 32.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after purchasing an additional 7,475 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Q2 by 13.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,307 shares of the technology company's stock worth $1,061,000 after buying an additional 1,584 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Q2 in the third quarter valued at approximately $9,847,000. Captrust Financial Advisors boosted its holdings in shares of Q2 by 20.1% in the 3rd quarter. Captrust Financial Advisors now owns 4,892 shares of the technology company's stock worth $390,000 after acquiring an additional 820 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. grew its position in Q2 by 5.5% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company's stock worth $443,000 after acquiring an additional 288 shares during the last quarter.

Q2 Trading Down 2.0 %

Shares of QTWO stock traded down $1.38 on Monday, reaching $68.94. The company had a trading volume of 1,108,786 shares, compared to its average volume of 645,670. The stock has a market cap of $4.19 billion, a PE ratio of -106.05 and a beta of 1.61. The company has a 50-day moving average of $84.71 and a 200-day moving average of $90.83. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 12 month low of $49.56 and a 12 month high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last issued 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, equities analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on QTWO shares. The Goldman Sachs Group reduced their price objective on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Raymond James increased their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada boosted their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Needham & Company LLC increased their price target on shares of Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus raised their price target on shares of Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $102.33.

Insider Activity at Q2

In related news, CFO Jonathan Price sold 42,652 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total value of $3,172,029.24. Following the sale, the chief financial officer now directly owns 209,378 shares of the company's stock, valued at approximately $15,571,441.86. The trade was a 16.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the transaction, the chief executive officer now directly owns 453,849 shares of the company's stock, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 193,858 shares of company stock worth $14,853,965 in the last quarter. Corporate 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.