Franklin Resources Inc. Purchases 424,062 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Franklin Resources Inc. boosted its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 893.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 471,523 shares of the technology company's stock after purchasing an additional 424,062 shares during the quarter. Franklin Resources Inc. owned approximately 0.78% of Q2 worth $47,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QTWO. State Street Corp grew its position in shares of Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock valued at $133,118,000 after buying an additional 5,000 shares during the last quarter. BNP Paribas Financial Markets increased its position in Q2 by 32.2% in the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after buying an additional 7,475 shares during the period. Nordea Investment Management AB lifted its stake in Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock valued at $11,208,000 after buying an additional 42,433 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Q2 during the fourth quarter valued at $288,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Q2 by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after acquiring an additional 10,636 shares during the last quarter.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 15,005 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the transaction, the executive now owns 197,966 shares of the company's stock, valued at approximately $14,673,239.92. The trade was a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $493,342.72. Following the completion of the sale, the insider now directly owns 113,278 shares of the company's stock, valued at approximately $8,396,165.36. This trade represents a 5.55 % 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 worth $14,853,965 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Q2 Stock Down 6.1 %

Shares of QTWO stock traded down $4.71 on Thursday, hitting $71.92. The company's stock had a trading volume of 97,421 shares, compared to its average volume of 647,241. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of -110.87 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. The firm's fifty day moving average price is $82.79 and its 200-day moving average price is $90.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Q2 (NYSE:QTWO - Get Free Report) last posted 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Research analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Raymond James lifted their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Citigroup raised their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their price target on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Compass Point reaffirmed a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a report on Monday. Finally, Stephens reaffirmed an "overweight" rating and issued a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Q2 presently has an average rating of "Moderate Buy" and an average price target of $102.33.

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.