Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,614,266 shares of the technology company's stock after selling 46,353 shares during the period. Invesco Ltd. owned about 4.33% of Q2 worth $263,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in QTWO. TCTC Holdings LLC acquired a new position in Q2 in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Q2 in the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new position in Q2 during the fourth quarter worth about $32,000. Quarry LP grew its stake in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after acquiring an additional 336 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Q2 in the fourth quarter valued at approximately $137,000.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of the 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 of the company's stock, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the sale, the chief executive officer now directly owns 485,666 shares of the company's stock, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock valued at $14,853,965 over the last three months. 3.00% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on QTWO shares. Compass Point restated a "neutral" rating and issued a $60.00 target price on shares of Q2 in a report on Monday, April 7th. Raymond James lifted their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Truist Financial reaffirmed a "buy" rating and set a $110.00 price target (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. The Goldman Sachs Group cut their target price on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, KeyCorp raised Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price target on the stock in a research note on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $102.33.

Q2 Stock Up 1.6 %

Shares of NYSE:QTWO traded up $1.21 during trading hours on Tuesday, reaching $76.65. The stock had a trading volume of 260,792 shares, compared to its average volume of 649,070. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -117.90 and a beta of 1.61. The firm's 50 day moving average is $81.60 and its 200-day moving average is $90.47. Q2 Holdings, Inc. has a 1 year low of $49.56 and a 1 year 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 quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) 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%. Research analysts predict 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.