Curi RMB Capital LLC Has $7.92 Million Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

Curi RMB Capital LLC lifted its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 150.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,656 shares of the technology company's stock after buying an additional 47,261 shares during the period. Curi RMB Capital LLC owned approximately 0.13% of Q2 worth $7,917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QTWO. William Blair Investment Management LLC bought a new position in Q2 during the 4th quarter valued at $202,645,000. Massachusetts Financial Services Co. MA lifted its holdings in Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after buying an additional 698,464 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Q2 by 732.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock worth $75,025,000 after acquiring an additional 655,838 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Q2 by 893.5% in the 4th quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company's stock valued at $47,459,000 after acquiring an additional 424,062 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Q2 by 208.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 381,094 shares of the technology company's stock valued at $38,357,000 after acquiring an additional 257,652 shares in the last quarter.

Insider Buying and Selling at Q2

In other news, CFO Jonathan Price sold 42,652 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the sale, the chief financial officer now owns 209,378 shares of the company's stock, valued at approximately $15,571,441.86. This trade represents a 16.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the transaction, the chief executive officer now owns 485,666 shares of the company's stock, valued at $39,023,263.10. The trade was a 6.91 % 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 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Q2 Stock Up 3.3 %

NYSE:QTWO traded up $2.46 during trading hours on Wednesday, hitting $77.42. 535,418 shares of the stock traded hands, compared to its average volume of 652,159. The firm has a 50 day moving average price of $79.36 and a 200 day moving average price of $90.22. 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 Holdings, Inc. has a fifty-two week low of $50.91 and a fifty-two 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.

Q2 (NYSE:QTWO - Get Free Report) last announced 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%. Equities research analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Baird R W lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. The Goldman Sachs Group dropped their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Citigroup lifted their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Stephens reissued an "overweight" rating and set a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Finally, Truist Financial restated a "buy" rating and set a $110.00 price target (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and a consensus price target of $102.33.

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.