Emerald Advisers LLC Cuts Position in Q2 Holdings, Inc. (NYSE:QTWO)

Emerald Advisers LLC decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 484,314 shares of the technology company's stock after selling 136,563 shares during the quarter. Q2 accounts for approximately 1.9% of Emerald Advisers LLC's holdings, making the stock its 4th biggest holding. Emerald Advisers LLC owned 0.80% of Q2 worth $48,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QTWO. TCTC Holdings LLC bought a new position in Q2 during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Q2 in the 4th quarter worth approximately $30,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 in the 4th quarter worth approximately $32,000. Quarry LP grew its position in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after acquiring an additional 336 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Q2 during the 4th quarter valued at $137,000.

Insider Buying and Selling at Q2

In other Q2 news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction dated 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. This trade represents a 5.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,835 shares of company stock valued at $11,959,517. 3.00% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

QTWO has been the subject of a number of research reports. Raymond James raised their target price on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Robert W. Baird restated a "neutral" rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. KeyCorp upgraded shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price on the stock in a research report on Wednesday, December 18th. Truist Financial reissued a "buy" rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Finally, Baird R W downgraded Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and a consensus price target of $105.27.

Q2 Trading Up 1.8 %

Shares of NYSE QTWO traded up $1.50 during midday trading on Tuesday, reaching $84.32. 765,302 shares of the stock were exchanged, compared to its average volume of 615,116. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of -129.72 and a beta of 1.62. 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 $87.69 and a two-hundred day simple moving average of $90.49.

Q2 (NYSE:QTWO - Get Free Report) last posted its 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%. As a group, equities research analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current 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.