Q2 Holdings, Inc. (NYSE:QTWO) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,635 shares of the technology company's stock after purchasing an additional 3,523 shares during the quarter. Motley Fool Asset Management LLC owned 0.06% of Q2 worth $3,788,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QTWO. BNP Paribas Financial Markets boosted its stake in Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after buying an additional 7,475 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Q2 by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,307 shares of the technology company's stock worth $1,061,000 after purchasing an additional 1,584 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in Q2 in the 3rd quarter valued at approximately $9,847,000. Captrust Financial Advisors raised its position in Q2 by 20.1% in the third quarter. Captrust Financial Advisors now owns 4,892 shares of the technology company's stock valued at $390,000 after purchasing an additional 820 shares during the period. Finally, Parallax Volatility Advisers L.P. lifted its stake in Q2 by 5.5% during the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company's stock worth $443,000 after purchasing an additional 288 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on QTWO shares. Needham & Company LLC boosted their price objective on Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Truist Financial reiterated a "buy" rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Baird R W lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Compass Point reaffirmed a "neutral" rating and set a $60.00 target price on shares of Q2 in a research note on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $102.33.

Insider Buying and Selling at Q2

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. The trade was a 5.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now 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. Insiders sold a total of 193,858 shares of company stock valued at $14,853,965 in the last ninety days. Insiders own 3.00% of the company's stock.

Q2 Stock Performance

Shares of Q2 stock traded up $1.22 on Tuesday, hitting $70.39. The stock had a trading volume of 201,618 shares, compared to its average volume of 644,040. The company's 50 day moving average price is $84.71 and its 200 day moving average price is $90.83. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of -107.89 and a beta of 1.61. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 52-week low of $49.56 and a 52-week high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last posted 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, research analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS 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.