Arrowstreet Capital Limited Partnership Has $75.03 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

Arrowstreet Capital Limited Partnership raised its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 732.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 745,404 shares of the technology company's stock after purchasing an additional 655,838 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.23% of Q2 worth $75,025,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of QTWO. BNP Paribas Financial Markets grew its holdings in Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after acquiring an additional 7,475 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Q2 by 13.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,307 shares of the technology company's stock valued at $1,061,000 after purchasing an additional 1,584 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Q2 during the third quarter worth approximately $9,847,000. Captrust Financial Advisors increased its holdings in shares of Q2 by 20.1% in the third quarter. Captrust Financial Advisors now owns 4,892 shares of the technology company's stock valued at $390,000 after buying an additional 820 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. increased its holdings in shares of Q2 by 5.5% in the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company's stock valued at $443,000 after buying an additional 288 shares in the last quarter.

Q2 Stock Down 6.8 %

NYSE QTWO traded down $5.17 on Friday, reaching $70.42. The stock had a trading volume of 1,146,902 shares, compared to its average volume of 643,817. Q2 Holdings, Inc. has a 1 year low of $49.56 and a 1 year high of $112.82. The business has a 50 day moving average price of $85.20 and a 200 day moving average price of $90.80. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -108.33 and a beta of 1.62.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate 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 forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their target price on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Needham & Company LLC lifted their price target on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Raymond James raised their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price target on the stock in a report on Wednesday, December 18th. Finally, Robert W. Baird restated a "neutral" rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $105.47.

Insider Buying and Selling

In related news, CEO Matthew P. Flake sold 36,023 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the transaction, the chief executive officer now directly owns 485,666 shares in the company, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 transaction, the director now directly owns 17,241 shares of the company's stock, 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. Over the last three months, insiders sold 193,858 shares of company stock worth $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.