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

Robeco Institutional Asset Management B.V. trimmed its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 7.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,251 shares of the technology company's stock after selling 10,104 shares during the period. Robeco Institutional Asset Management B.V. owned 0.22% of Q2 worth $13,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of QTWO. Versor Investments LP purchased a new stake in shares of Q2 in the third quarter worth $590,000. Perpetual Ltd bought a new position in Q2 in the 3rd quarter worth $80,788,000. State Street Corp increased its stake in Q2 by 0.3% in the 3rd 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 raised its holdings in Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock valued at $2,451,000 after acquiring an additional 7,475 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock valued at $11,208,000 after acquiring an additional 42,433 shares in the last quarter.

Insider Activity at Q2

In other news, Director James Offerdahl sold 548 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 4,178 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the transaction, the executive now owns 223,494 shares of the company's stock, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,836 shares of company stock worth $3,061,035. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on QTWO shares. Needham & Company LLC increased their target price on Q2 from $90.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Citigroup cut shares of Q2 from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $72.00 to $90.00 in a research report on Friday, October 18th. KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price on the stock in a report on Wednesday, December 18th. Morgan Stanley raised their target price on shares of Q2 from $65.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a research note 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $98.07.

Q2 Trading Up 0.3 %

QTWO stock traded up $0.32 during midday trading on Tuesday, reaching $94.89. 363,994 shares of the company traded hands, compared to its average volume of 597,409. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of -98.84 and a beta of 1.61. Q2 Holdings, Inc. has a 52-week low of $40.60 and a 52-week high of $112.82. The business has a 50 day moving average of $100.56 and a 200-day moving average of $87.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

About Q2

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.