Inspire Advisors LLC Has $3.30 Million Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Inspire Advisors LLC reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 19.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,770 shares of the technology company's stock after selling 7,754 shares during the period. Q2 accounts for approximately 0.4% of Inspire Advisors LLC's holdings, making the stock its 26th largest holding. Inspire Advisors LLC owned about 0.05% of Q2 worth $3,298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its holdings in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock worth $133,118,000 after purchasing an additional 5,000 shares during the period. Geode Capital Management LLC increased its position in shares of Q2 by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company's stock valued at $107,963,000 after buying an additional 19,520 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Q2 by 139.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company's stock worth $48,558,000 after buying an additional 354,524 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Q2 by 2.1% in 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 acquiring an additional 10,636 shares during the period. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Q2 by 9.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 375,700 shares of the technology company's stock worth $37,814,000 after acquiring an additional 31,175 shares in the last quarter.

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Insiders Place Their Bets

In other Q2 news, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the sale, the insider now owns 113,278 shares of the company's stock, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,835 shares of company stock valued at $11,959,517 over the last 90 days. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QTWO has been the subject of several research analyst reports. Citigroup boosted their price objective on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Needham & Company LLC upped their price target on shares of Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Stephens restated an "overweight" rating and set a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Baird R W cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $105.27.

Q2 Stock Down 3.2 %

Shares of NYSE QTWO traded down $2.43 during trading hours on Thursday, hitting $72.88. The company had a trading volume of 1,020,150 shares, compared to its average volume of 779,668. The stock has a market capitalization of $4.43 billion, a P/E ratio of -112.12 and a beta of 1.62. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. The firm's 50 day moving average is $90.35 and its 200-day moving average is $90.03. The company has a quick ratio of 1.40, a current 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 negative net margin of 5.53% and a positive return on equity of 0.85%. On average, analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

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.