Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. grew its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,500 shares of the technology company's stock after purchasing an additional 16,910 shares during the period. Oberweis Asset Management Inc. owned about 0.19% of Q2 worth $11,726,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. William Blair Investment Management LLC acquired a new stake in shares of Q2 during the 4th quarter valued at about $202,645,000. Massachusetts Financial Services Co. MA lifted its position in shares of Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after buying an additional 698,464 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Q2 by 732.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock valued at $75,025,000 after acquiring an additional 655,838 shares during the period. Franklin Resources Inc. increased its holdings 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 acquiring an additional 424,062 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in Q2 by 208.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 381,094 shares of the technology company's stock worth $38,357,000 after acquiring an additional 257,652 shares during the period.

Insider Activity

In other news, Director James Offerdahl sold 1,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the transaction, the chief executive officer now directly owns 453,849 shares of the company's stock, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

QTWO has been the topic of several research analyst reports. Citigroup lifted their target price on shares of Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Stephens restated an "overweight" rating and issued a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Compass Point reissued a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a research note on Monday, April 7th. Stifel Nicolaus upped their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $102.33.

Q2 Trading Up 0.1 %

NYSE QTWO traded up $0.06 on Friday, reaching $79.04. The stock had a trading volume of 413,183 shares, compared to its average volume of 652,863. Q2 Holdings, Inc. has a 12-month low of $50.91 and a 12-month high of $112.82. The stock has a fifty day moving average price of $78.55 and a two-hundred day moving average price of $90.19. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -121.60 and a beta of 1.61. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

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, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

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.