Nkcfo LLC Invests $604,000 in Q2 Holdings, Inc. (NYSE:QTWO)

Nkcfo LLC 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 Form 13F filing with the Securities & Exchange Commission. The fund bought 6,000 shares of the technology company's stock, valued at approximately $604,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Q2 by 0.4% during the fourth quarter. Rhumbline Advisers now owns 81,652 shares of the technology company's stock worth $8,218,000 after purchasing an additional 355 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Q2 during the fourth quarter worth about $1,299,000. Legato Capital Management LLC grew its holdings in shares of Q2 by 40.0% during the fourth quarter. Legato Capital Management LLC now owns 17,935 shares of the technology company's stock worth $1,805,000 after purchasing an additional 5,125 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Q2 during the fourth quarter worth about $872,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Q2 during the fourth quarter worth about $32,000.

Q2 Stock Down 1.7 %

Shares of NYSE:QTWO traded down $1.60 during trading on Wednesday, reaching $92.05. 646,695 shares of the stock were exchanged, compared to its average volume of 673,256. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of -141.61 and a beta of 1.61. The stock has a fifty day moving average of $97.44 and a two-hundred day moving average of $88.94. Q2 Holdings, Inc. has a 1-year low of $41.23 and a 1-year high of $112.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

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%. Research analysts anticipate that Q2 Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stifel Nicolaus upped their target price on Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. DA Davidson boosted their price target on Q2 from $76.00 to $86.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Morgan Stanley boosted their price target on Q2 from $65.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday, November 7th. Truist Financial reissued a "buy" rating and issued a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price target on Q2 from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Q2 currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.13.

Insider Buying and Selling at Q2

In other Q2 news, CRO Michael A. Volanoski sold 4,178 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $442,868.00. Following the completion of the transaction, the executive now owns 223,494 shares in the company, valued at $23,690,364. This represents a 1.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now owns 337,643 shares of the company's stock, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock worth $3,061,035 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Q2 Company 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.