Axiom Investors LLC DE Sells 30,140 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Axiom Investors LLC DE decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 235,450 shares of the technology company's stock after selling 30,140 shares during the quarter. Axiom Investors LLC DE owned 0.39% of Q2 worth $23,698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock valued at $133,118,000 after purchasing an additional 5,000 shares during the last quarter. BNP Paribas Financial Markets grew its position in Q2 by 32.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after purchasing an additional 7,475 shares during the period. Nordea Investment Management AB raised its stake in Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock valued at $11,208,000 after buying an additional 42,433 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Q2 during the 4th quarter valued at $288,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after buying an additional 10,636 shares during the last quarter.

Analyst Ratings Changes

QTWO has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Truist Financial reiterated a "buy" rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Baird R W lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $99.00 target price (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Stifel Nicolaus lifted their price target on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $105.47.

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Q2 Price Performance

Shares of NYSE:QTWO traded down $5.17 during trading on Friday, hitting $70.42. 1,146,902 shares of the company's stock were exchanged, compared to its average volume of 644,244. The business's 50-day simple moving average is $85.20 and its 200 day simple moving average is $90.70. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -108.33 and a beta of 1.62. Q2 Holdings, Inc. has a 52-week low of $49.56 and a 52-week high of $112.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insiders Place Their Bets

In other Q2 news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction that occurred 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 sale, the insider now owns 113,278 shares of the company's stock, valued at $8,396,165.36. The trade was a 5.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now owns 17,241 shares of the company's stock, valued at $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock worth $14,853,965 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Q2 Company 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.