Integrated Quantitative Investments LLC Purchases Shares of 5,820 Q2 Holdings, Inc. (NYSE:QTWO)

Integrated Quantitative Investments LLC bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,820 shares of the technology company's stock, valued at approximately $586,000.

A number of other hedge funds also recently made changes to their positions in QTWO. William Blair Investment Management LLC purchased a new stake in shares of Q2 in the fourth quarter worth approximately $202,645,000. Massachusetts Financial Services Co. MA grew its stake in shares of Q2 by 107.9% in 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 acquiring an additional 698,464 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Q2 by 732.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock valued at $75,025,000 after purchasing an additional 655,838 shares in the last quarter. Franklin Resources Inc. grew its position in Q2 by 893.5% in the 4th quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company's stock worth $47,459,000 after purchasing an additional 424,062 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Q2 in the fourth quarter valued at approximately $21,643,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on QTWO shares. Citigroup raised their target price on Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Royal Bank of Canada boosted their price target on shares of Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Baird R W downgraded shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Needham & Company LLC boosted their target price on shares of Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Raymond James boosted their price objective on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and a consensus price target of $102.33.

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Q2 Trading Down 5.6 %

Shares of Q2 stock traded down $4.31 during midday trading on Thursday, reaching $72.32. 181,527 shares of the company's stock traded hands, compared to its average volume of 647,622. The company has a market cap of $4.39 billion, a PE ratio of -111.58 and a beta of 1.61. The stock has a 50 day moving average of $82.79 and a 200-day moving average of $90.47. Q2 Holdings, Inc. has a 12 month low of $49.56 and a 12 month high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results 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%. As a group, equities analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 15,005 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 $1,112,170.60. Following the completion of the transaction, the executive now directly owns 197,966 shares in the company, valued at $14,673,239.92. This represents a 7.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock valued at $14,853,965 over the last ninety days. 3.00% of the stock is currently owned by company insiders.

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.