Pembroke Management LTD Sells 14,975 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Pembroke Management LTD reduced its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,663 shares of the technology company's stock after selling 14,975 shares during the quarter. Q2 accounts for about 2.6% of Pembroke Management LTD's holdings, making the stock its 14th largest holding. Pembroke Management LTD owned approximately 0.33% of Q2 worth $20,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in Q2 by 139.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company's stock valued at $48,558,000 after acquiring an additional 354,524 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Q2 during the 3rd quarter valued at about $9,847,000. Barclays PLC boosted its holdings in Q2 by 104.0% during the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company's stock valued at $13,012,000 after acquiring an additional 83,181 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Q2 by 33.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 221,034 shares of the technology company's stock valued at $17,632,000 after acquiring an additional 55,107 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Q2 by 38.6% during the 3rd quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock valued at $14,095,000 after acquiring an additional 49,233 shares during the period.

Insider Buying and Selling

In other Q2 news, President Kirk L. Coleman sold 8,559 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the completion of the sale, the president now directly owns 340,903 shares in the company, valued at approximately $36,135,718. The trade was a 2.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Michael A. Volanoski sold 4,178 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the transaction, the executive now directly owns 223,494 shares in the company, valued at $23,690,364. The trade was a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,288 shares of company stock worth $3,003,523 in the last 90 days. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QTWO. Stifel Nicolaus increased 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. Stephens reaffirmed an "overweight" rating and set a $115.00 price target on shares of Q2 in a research report 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. Compass Point upped their price target on Q2 from $91.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC upped their price target on Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $102.13.

Q2 Stock Down 3.2 %

Shares of Q2 stock traded down $2.86 during midday trading on Friday, hitting $87.84. The company had a trading volume of 1,083,272 shares, compared to its average volume of 690,979. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $5.33 billion, a P/E ratio of -135.13 and a beta of 1.61. The company has a 50 day moving average of $97.14 and a 200 day moving average of $88.95. Q2 Holdings, Inc. has a 52-week low of $43.55 and a 52-week high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, equities 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.