Q2 Holdings, Inc. (NYSE:QTWO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 507,065 shares of the technology company's stock after purchasing an additional 10,636 shares during the period. Charles Schwab Investment Management Inc. owned about 0.84% of Q2 worth $51,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QTWO. Highland Capital Management LLC lifted its stake in Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock valued at $279,000 after buying an additional 172 shares during the last quarter. Parallax Volatility Advisers L.P. increased its holdings in shares of Q2 by 5.5% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company's stock valued at $443,000 after acquiring an additional 288 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Q2 during the 4th quarter worth $30,000. Ameliora Wealth Management Ltd. purchased a new position in Q2 during the 4th quarter worth $32,000. Finally, Quarry LP increased its stake 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 purchasing an additional 336 shares during the period.

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 value of $493,342.72. Following the transaction, the insider now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the sale, the chief executive officer now owns 453,849 shares of the company's stock, valued at $35,527,299.72. This represents a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,835 shares of company stock valued at $11,959,517. 3.00% of the stock is owned by insiders.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on QTWO shares. Royal Bank of Canada increased their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Citigroup lifted their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Needham & Company LLC increased their price target on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. 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, KeyCorp upgraded shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.27.

Q2 Price Performance

Shares of QTWO traded up $1.32 during mid-day trading on Monday, reaching $77.19. 982,543 shares of the company's stock were exchanged, compared to its average volume of 614,865. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 52-week low of $46.50 and a 52-week high of $112.82. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -118.75 and a beta of 1.62. The company has a 50-day simple moving average of $89.81 and a two-hundred day simple moving average of $90.27.

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 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 predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

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.