Commonwealth Equity Services LLC Takes $733,000 Position in Q2 Holdings, Inc. (NYSE:QTWO)

Commonwealth Equity Services LLC purchased a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,278 shares of the technology company's stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of QTWO. Proficio Capital Partners LLC acquired a new position in Q2 during the fourth quarter worth $29,000. Quarry LP grew its holdings in shares of 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 purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Q2 in the fourth quarter valued at about $30,000. Ameliora Wealth Management Ltd. acquired a new stake in Q2 during the fourth quarter worth about $32,000. Finally, Arcadia Investment Management Corp MI purchased a new position in Q2 during the fourth quarter worth about $179,000.

Q2 Stock Down 2.0 %

QTWO stock traded down $1.38 during mid-day trading on Monday, reaching $68.94. The company had a trading volume of 1,108,786 shares, compared to its average volume of 645,803. The firm has a fifty day simple moving average of $84.71 and a 200 day simple moving average of $90.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of -106.05 and a beta of 1.61. Q2 Holdings, Inc. has a fifty-two week low of $49.56 and a fifty-two week 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 earnings per share 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%. Analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares of the company's stock, valued at $8,396,165.36. This trade represents a 5.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction 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 sale, the director now directly owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. 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 quarter. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of recent analyst reports. Truist Financial reiterated a "buy" rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Raymond James increased their price target on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective on the stock in a report on Wednesday, December 18th. Stifel Nicolaus increased their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Compass Point reissued a "neutral" rating and issued a $60.00 price target on shares of Q2 in a research note on Monday. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Q2 has a consensus rating of "Moderate Buy" and a consensus price target of $102.33.

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.