Proficio Capital Partners LLC Acquires New Position in Q2 Holdings, Inc. (NYSE:QTWO)

Proficio Capital Partners LLC acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,390 shares of the technology company's stock, valued at approximately $29,000.

A number of other large investors have also added to or reduced their stakes in QTWO. Cookson Peirce & Co. Inc. acquired a new stake in Q2 in the fourth quarter valued at $11,681,000. Charles Schwab Investment Management Inc. raised its position in shares of Q2 by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after acquiring an additional 10,636 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Q2 during the fourth quarter worth about $30,000. US Bancorp DE lifted its stake in shares of Q2 by 1.7% in the fourth quarter. US Bancorp DE now owns 30,143 shares of the technology company's stock worth $3,034,000 after acquiring an additional 511 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Q2 by 44.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 25,467 shares of the technology company's stock valued at $2,563,000 after acquiring an additional 7,799 shares during the last quarter.

Q2 Stock Down 1.0 %

Shares of Q2 stock traded down $0.84 on Monday, hitting $80.00. The company had a trading volume of 719,795 shares, compared to its average volume of 640,099. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82. 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 50 day moving average of $86.84 and a 200-day moving average of $90.79. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of -123.08 and a beta of 1.62.

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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%. As a group, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Activity at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the sale, the insider now directly owns 113,278 shares in the company, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the 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 transaction, 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 have sold 157,835 shares of company stock valued at $11,959,517 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on QTWO. The Goldman Sachs Group lowered their price target on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a report on Friday. KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price for the company in a research note on Wednesday, December 18th. Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Citigroup increased their price target on Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Needham & Company LLC boosted their price objective on Q2 from $120.00 to $125.00 and gave the company a "buy" 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $105.47.

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.