Next Century Growth Investors LLC Has $21 Million Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Next Century Growth Investors LLC lowered its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 208,668 shares of the technology company's stock after selling 144,196 shares during the quarter. Q2 accounts for 1.6% of Next Century Growth Investors LLC's investment portfolio, making the stock its 14th largest holding. Next Century Growth Investors LLC owned 0.35% of Q2 worth $21,002,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in QTWO. Proficio Capital Partners LLC purchased a new position in Q2 during the fourth quarter worth $29,000. Quarry LP raised its holdings in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after acquiring an additional 336 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Q2 in the 4th quarter valued at approximately $30,000. TCTC Holdings LLC bought a new position in Q2 in the fourth quarter worth about $30,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Q2 in the 4th quarter worth about $32,000.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Citigroup upped their price objective on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Compass Point restated a "neutral" rating and issued a $60.00 target price on shares of Q2 in a research note on Monday, April 7th. Stifel Nicolaus raised their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, KeyCorp raised 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. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Q2 presently has a consensus rating of "Moderate Buy" and an average price target of $102.33.

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Q2 Stock Performance

QTWO stock traded up $1.38 on Tuesday, hitting $76.82. The company's stock had a trading volume of 497,880 shares, compared to its average volume of 651,178. The firm has a 50 day moving average of $81.60 and a two-hundred day moving average of $90.47. Q2 Holdings, Inc. has a 1 year low of $49.56 and a 1 year high of $112.82. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -118.18 and a beta of 1.61. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data 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%. Equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of the 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 sale, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. This 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 this hyperlink. Also, CEO Matthew P. Flake sold 36,023 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value of $2,894,448.05. Following the sale, the chief executive officer now owns 485,666 shares of the company's stock, valued at $39,023,263.10. The trade was a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,858 shares of company stock valued at $14,853,965. Corporate insiders own 3.00% of the company's stock.

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.