Robeco Institutional Asset Management B.V. Decreases Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,355 shares of the technology company's stock after selling 30,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.23% of Q2 worth $11,196,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its stake in shares of Q2 by 67.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company's stock valued at $2,908,000 after acquiring an additional 22,400 shares during the last quarter. Perpetual Ltd bought a new position in shares of Q2 during the third quarter valued at approximately $80,788,000. Oppenheimer & Co. Inc. bought a new stake in Q2 in the first quarter valued at $1,055,000. Picton Mahoney Asset Management purchased a new position in Q2 during the 1st quarter valued at $5,591,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Q2 by 1,910.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company's stock worth $37,832,000 after purchasing an additional 683,957 shares in the last quarter.

Insider Transactions at Q2

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the sale, the executive now directly owns 227,672 shares of the company's stock, valued at approximately $16,376,446.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the transaction, the executive now owns 227,672 shares of the company's stock, valued at $16,376,446.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Michael S. Kerr sold 517 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now owns 61,130 shares of the company's stock, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,963 shares of company stock worth $3,109,699 in the last quarter. Company insiders own 3.00% of the company's stock.

Q2 Stock Performance

Shares of NYSE QTWO traded up $0.75 during trading on Friday, reaching $103.00. 474,592 shares of the company traded hands, compared to its average volume of 592,047. The firm has a 50 day simple moving average of $79.80 and a 200-day simple moving average of $69.08. Q2 Holdings, Inc. has a 52-week low of $32.97 and a 52-week high of $105.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44.

Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. Q2 had a negative net margin of 8.40% and a negative return on equity of 2.34%. The business had revenue of $175.02 million during the quarter, compared to analyst estimates of $173.31 million. On average, analysts predict that Q2 Holdings, Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on QTWO. Piper Sandler raised their price objective on shares of Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a report on Thursday. Needham & Company LLC lifted their price target on Q2 from $90.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday. Truist Financial reiterated a "buy" rating and issued a $100.00 price objective (up previously from $78.00) on shares of Q2 in a report on Thursday. Stephens boosted their target price on shares of Q2 from $75.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Royal Bank of Canada lifted their price target on shares of Q2 from $76.00 to $105.00 and gave the company a "sector perform" rating in a research report on Thursday. Five 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $90.79.

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.