KLP Kapitalforvaltning AS Buys Shares of 12,200 Q2 Holdings, Inc. (NYSE:QTWO)

KLP Kapitalforvaltning AS bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,200 shares of the technology company's stock, valued at approximately $1,228,000.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Q2 during the fourth quarter valued at approximately $29,000. Quarry LP lifted its position in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after buying an additional 336 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Q2 during the 4th quarter valued at approximately $30,000. TCTC Holdings LLC bought a new stake in shares of Q2 in the 4th quarter worth about $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Q2 during the fourth quarter valued at approximately $32,000.

Insiders Place Their Bets

In other Q2 news, CEO Matthew P. Flake sold 36,023 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the sale, the chief executive officer now owns 485,666 shares in the company, valued at approximately $39,023,263.10. The trade was a 6.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jonathan Price sold 42,652 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total value of $3,172,029.24. Following the completion of the sale, the chief financial officer now owns 209,378 shares in the company, valued at approximately $15,571,441.86. This represents a 16.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,858 shares of company stock valued at $14,853,965. Insiders own 3.00% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of research firms have recently commented on QTWO. Citigroup upped their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Royal Bank of Canada boosted their price target on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Needham & Company LLC raised their price target on Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Q2 currently has a consensus rating of "Moderate Buy" and an average target price of $105.47.

Q2 Stock Down 8.1 %

Shares of QTWO traded down $6.65 during midday trading on Thursday, hitting $75.63. 862,859 shares of the company's stock traded hands, compared to its average volume of 643,128. 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 stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of -116.36 and a beta of 1.62. Q2 Holdings, Inc. has a 1 year low of $49.56 and a 1 year high of $112.82. The firm's fifty day moving average is $85.67 and its 200-day moving average is $90.73.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly 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, sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

About Q2

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.