Q2 Holdings, Inc. (NYSE:QTWO) Position Cut by First Trust Advisors LP

First Trust Advisors LP reduced its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,501 shares of the technology company's stock after selling 5,663 shares during the period. First Trust Advisors LP owned 0.59% of Q2 worth $36,083,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. William Blair Investment Management LLC acquired a new stake in Q2 during the fourth quarter worth about $202,645,000. Geode Capital Management LLC grew its holdings in shares of Q2 by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock worth $140,175,000 after purchasing an additional 36,025 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 purchasing an additional 698,464 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Q2 by 732.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock valued at $75,025,000 after buying an additional 655,838 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Q2 by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock valued at $51,036,000 after buying an additional 10,636 shares in the last quarter.

Q2 Stock Up 0.1 %

NYSE QTWO traded up $0.06 during trading hours on Friday, reaching $79.04. 413,183 shares of the company traded hands, compared to its average volume of 652,863. The company has a 50 day moving average of $78.55 and a two-hundred day moving average of $90.19. The stock has a market capitalization of $4.92 billion, a PE ratio of -121.60 and a beta of 1.61. Q2 Holdings, Inc. has a 12 month low of $50.91 and a 12 month 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 issued its quarterly 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 positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, equities analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

QTWO has been the subject of several recent research reports. Needham & Company LLC increased their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Citigroup increased their price target on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Raymond James boosted their price objective on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Compass Point reiterated a "neutral" rating and issued a $60.00 target price on shares of Q2 in a research note on Monday, April 7th. Finally, Robert W. Baird reissued a "neutral" rating and set a $99.00 price target (up from $89.00) on shares of Q2 in a research 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. According to data from MarketBeat, Q2 currently has a consensus rating of "Moderate Buy" and an average target price of $102.33.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now directly owns 113,278 shares in the company, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by corporate insiders.

About Q2

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.