Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 30.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,284 shares of the technology company's stock after selling 54,411 shares during the period. Principal Financial Group Inc. owned approximately 0.20% of Q2 worth $12,308,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in QTWO. Venturi Wealth Management LLC increased its holdings in shares of Q2 by 139.5% in 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 last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Q2 in the third quarter valued at about $9,847,000. Pembroke Management LTD grew its stake in shares of Q2 by 77.3% in the 3rd quarter. Pembroke Management LTD now owns 214,638 shares of the technology company's stock valued at $17,122,000 after purchasing an additional 93,582 shares during the last quarter. Barclays PLC grew its position in Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company's stock valued at $13,012,000 after buying an additional 83,181 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position 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 worth $17,632,000 after buying an additional 55,107 shares during the last quarter.

Insider Buying and Selling

In related news, President Kirk L. Coleman sold 10,428 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the completion of the sale, the president now directly owns 337,643 shares of the company's stock, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,288 shares of company stock valued at $3,091,483. Insiders own 3.00% of the company's stock.

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Q2 Price Performance

QTWO stock traded down $3.72 during trading on Monday, hitting $83.65. The stock had a trading volume of 306,967 shares, compared to its average volume of 683,202. The company's 50 day moving average price is $94.99 and its two-hundred day moving average price is $90.02. 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 cap of $5.08 billion, a price-to-earnings ratio of -128.68 and a beta of 1.61. Q2 Holdings, Inc. has a 1-year low of $44.74 and a 1-year 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 earnings per share (EPS) 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, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QTWO has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Q2 from $65.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. Stifel Nicolaus raised their price target on Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Piper Sandler upped their price objective on Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Stephens reiterated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Finally, Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $105.27.

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.