Hillsdale Investment Management Inc. Sells 16,980 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Hillsdale Investment Management Inc. lessened its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,236 shares of the technology company's stock after selling 16,980 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.11% of Q2 worth $6,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC raised its position in shares of Q2 by 4.5% during the third quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company's stock worth $1,391,000 after acquiring an additional 744 shares during the last quarter. Swiss National Bank raised its holdings in Q2 by 1.0% during the 3rd quarter. Swiss National Bank now owns 117,400 shares of the technology company's stock worth $9,365,000 after purchasing an additional 1,200 shares during the last quarter. Pathstone Holdings LLC lifted its position in Q2 by 7.0% during the 3rd quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company's stock valued at $2,488,000 after purchasing an additional 2,035 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Q2 in the 3rd quarter valued at about $2,559,000. Finally, Moran Wealth Management LLC boosted its stake in shares of Q2 by 31.0% in the 3rd quarter. Moran Wealth Management LLC now owns 7,900 shares of the technology company's stock valued at $630,000 after purchasing an additional 1,870 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on QTWO shares. Stephens restated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Truist Financial reissued a "buy" rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Robert W. Baird restated a "neutral" rating and issued a $99.00 price target (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. KeyCorp upgraded Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective for the company in a report on Wednesday, December 18th. Finally, Royal Bank of Canada raised their target price on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and a consensus price target of $105.27.

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Insider Buying and Selling 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 sale, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares of the company's stock, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,835 shares of company stock worth $11,959,517. Insiders own 3.00% of the company's stock.

Q2 Stock Up 1.3 %

Shares of QTWO stock traded up $1.12 on Tuesday, hitting $83.94. 184,482 shares of the stock were exchanged, compared to its average volume of 779,116. 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 firm has a market capitalization of $5.10 billion, a P/E ratio of -129.15 and a beta of 1.62. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82. The business has a 50-day moving average of $87.69 and a 200 day moving average of $90.49.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly 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%. Equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS 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.