Russell Investments Group Ltd. Boosts Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Russell Investments Group Ltd. grew its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 21.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,489 shares of the technology company's stock after purchasing an additional 5,965 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Q2 worth $3,371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QTWO. Highland Capital Management LLC lifted its holdings in Q2 by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock worth $279,000 after buying an additional 172 shares during the period. Arizona State Retirement System lifted its stake in shares of Q2 by 1.1% in the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock worth $1,761,000 after acquiring an additional 190 shares during the period. Moran Wealth Management LLC boosted its holdings in Q2 by 2.7% in the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock valued at $817,000 after acquiring an additional 215 shares during the last quarter. TCTC Holdings LLC bought a new stake in Q2 in the fourth quarter valued at approximately $30,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Q2 during the 4th quarter valued at approximately $30,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on QTWO. Royal Bank of Canada upped their price objective on shares of Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Robert W. Baird reiterated a "neutral" rating and set a $99.00 price target (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Stephens reissued an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Baird R W lowered Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Finally, Citigroup lifted their target price on Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Q2 presently has an average rating of "Moderate Buy" and a consensus target price of $102.33.

Q2 Stock Up 3.8 %

Shares of NYSE QTWO traded up $2.71 during mid-day trading on Tuesday, reaching $74.99. 439,316 shares of the company's stock traded hands, compared to its average volume of 652,228. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50-day simple moving average of $79.36 and a 200 day simple moving average of $90.22. The stock has a market cap of $4.55 billion, a P/E ratio of -115.37 and a beta of 1.61. Q2 Holdings, Inc. has a 1-year low of $50.91 and a 1-year high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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%. On average, analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 15,005 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $1,112,170.60. Following the completion of the sale, the executive now directly owns 197,966 shares of the company's stock, valued at approximately $14,673,239.92. This represents a 7.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred 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 transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by insiders.

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.