Motley Fool Wealth Management LLC Trims Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

Motley Fool Wealth Management LLC lowered its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 133,948 shares of the technology company's stock after selling 4,287 shares during the quarter. Motley Fool Wealth Management LLC owned about 0.22% of Q2 worth $13,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its holdings in Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock worth $133,118,000 after buying an additional 5,000 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Q2 by 32.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after buying an additional 7,475 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Q2 by 61.8% in the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after buying an additional 42,433 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Q2 in the third quarter valued at approximately $1,227,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Q2 during the fourth quarter valued at approximately $288,000.

Insider Activity at Q2

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were 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 trade represents a 11.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were 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 trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 157,835 shares of company stock worth $11,959,517 in the last ninety days. 3.00% of the stock is owned by company insiders.

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Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup raised their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Truist Financial reissued a "buy" rating and set a $110.00 target price (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Raymond James upped their price objective on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. KeyCorp upgraded Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price on the stock in a research note on Wednesday, December 18th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.47.

Q2 Price Performance

Q2 stock traded down $2.01 during midday trading on Friday, hitting $80.71. 622,575 shares of the company's stock were exchanged, compared to its average volume of 639,781. The company has a market cap of $4.90 billion, a P/E ratio of -124.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50-day moving average price of $86.84 and a two-hundred day moving average price of $90.66. Q2 Holdings, Inc. has a 52-week low of $46.50 and a 52-week high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 0.85% and a negative net margin of 5.53%. On average, equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

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.