Handelsbanken Fonder AB Has $36.29 Million Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Handelsbanken Fonder AB reduced its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,516 shares of the technology company's stock after selling 113,300 shares during the quarter. Handelsbanken Fonder AB owned 0.60% of Q2 worth $36,286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. CWM LLC lifted its position in shares of Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company's stock worth $115,000 after acquiring an additional 961 shares during the period. Creative Planning raised its stake in shares of Q2 by 62.5% in the third quarter. Creative Planning now owns 19,834 shares of the technology company's stock valued at $1,582,000 after purchasing an additional 7,631 shares in the last quarter. Raymond James & Associates lifted its position in Q2 by 17.9% in the third quarter. Raymond James & Associates now owns 128,654 shares of the technology company's stock worth $10,263,000 after purchasing an additional 19,495 shares during the period. International Assets Investment Management LLC boosted its stake in Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock worth $146,000 after buying an additional 1,812 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in Q2 by 41.6% in the 3rd quarter. Dakota Wealth Management now owns 5,532 shares of the technology company's stock valued at $441,000 after buying an additional 1,626 shares during the period.

Q2 Price Performance

Shares of Q2 stock traded down $2.86 during trading on Friday, reaching $87.84. The company's stock had a trading volume of 1,083,272 shares, compared to its average volume of 690,979. The stock has a 50-day moving average price of $97.14 and a two-hundred day moving average price of $88.95. The stock has a market capitalization of $5.33 billion, a P/E ratio of -135.13 and a beta of 1.61. 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 Holdings, Inc. has a one year low of $43.55 and a one year high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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, sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on QTWO. Stephens reaffirmed an "overweight" rating and set a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Stifel Nicolaus raised their price target 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. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Raymond James increased their target price on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Citigroup boosted their price target on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $102.13.

Insider Buying and Selling

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the completion of the sale, the president now directly owns 337,643 shares of the company's stock, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the transaction, the executive now directly owns 218,371 shares in the company, valued at $23,173,530.52. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,288 shares of company stock worth $3,003,523 in the last quarter. Insiders own 3.00% of the company's stock.

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.