7,278 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Purchased by Commonwealth Equity Services LLC

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

A number of other institutional investors have also recently bought and sold shares of QTWO. Proficio Capital Partners LLC acquired a new position in shares of Q2 during the 4th quarter worth $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 worth $30,000 after purchasing an additional 336 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Q2 during the fourth quarter worth $30,000. Ameliora Wealth Management Ltd. bought a new position in Q2 during the fourth quarter valued at about $32,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Q2 in the fourth quarter worth about $179,000.

Insider Activity

In other Q2 news, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now directly owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction that occurred on Thursday, March 6th. The shares were 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 owns 453,849 shares of the company's stock, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,858 shares of company stock worth $14,853,965. Company insiders own 3.00% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on QTWO. KeyCorp raised Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective on the stock in a research note on Wednesday, December 18th. Robert W. Baird reissued a "neutral" rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Stifel Nicolaus upped their price objective on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. The Goldman Sachs Group dropped their target price on shares of Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Citigroup upped their price target on shares of Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and a consensus price target of $105.47.

Q2 Stock Performance

QTWO stock traded down $5.17 during midday trading on Friday, hitting $70.42. The stock had a trading volume of 1,146,902 shares, compared to its average volume of 644,243. Q2 Holdings, Inc. has a 52 week low of $49.56 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 stock has a 50-day simple moving average of $85.67 and a 200 day simple moving average of $90.73. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of -108.33 and a beta of 1.62.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS 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%. As a group, equities research analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

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.