Q2 Holdings, Inc. (NYSE:QTWO) Shares Acquired by Harvest Investment Services LLC

Harvest Investment Services LLC increased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 318.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,607 shares of the technology company's stock after purchasing an additional 14,163 shares during the quarter. Harvest Investment Services LLC's holdings in Q2 were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the stock. William Blair Investment Management LLC bought a new stake in shares of Q2 during the fourth quarter valued at approximately $202,645,000. Capital Research Global Investors increased its position in Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock valued at $152,825,000 after acquiring an additional 152,872 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Q2 by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock valued at $140,175,000 after buying an additional 36,025 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after purchasing an additional 698,464 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Q2 by 732.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock worth $75,025,000 after acquiring an additional 655,838 shares in the last quarter.

Q2 Trading Up 2.0 %

NYSE:QTWO opened at $79.02 on Friday. 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 firm has a market cap of $4.80 billion, a PE ratio of -121.57 and a beta of 1.61. The stock has a fifty day moving average price of $78.84 and a 200 day moving average price of $90.13. Q2 Holdings, Inc. has a 12-month low of $50.91 and a 12-month high of $112.82.

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

Analyst Ratings Changes

QTWO has been the topic of a number of recent research reports. Royal Bank of Canada increased 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. Baird R W lowered Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Raymond James boosted their target price 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. Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Stephens reaffirmed an "overweight" rating and issued a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Q2 presently has a consensus rating of "Moderate Buy" and an average price target of $102.33.

Insider Activity

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction that occurred on 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 approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is currently owned by company 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.