Nicholas Company Inc. Sells 30,684 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Nicholas Company Inc. trimmed its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,736 shares of the technology company's stock after selling 30,684 shares during the quarter. Nicholas Company Inc. owned about 0.23% of Q2 worth $13,762,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in shares of Q2 by 38.6% during the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock worth $14,095,000 after purchasing an additional 49,233 shares during the period. Natixis Advisors LLC lifted its stake in Q2 by 4.5% during the third quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company's stock worth $1,391,000 after purchasing an additional 744 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Q2 by 1.0% in the 3rd quarter. Swiss National Bank now owns 117,400 shares of the technology company's stock valued at $9,365,000 after purchasing an additional 1,200 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of Q2 by 7.0% in the 3rd quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company's stock valued at $2,488,000 after purchasing an additional 2,035 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Q2 in the 3rd quarter valued at $2,559,000.

Insider Transactions at Q2

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction 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. The trade was a 5.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $4,446,225.72. Following the completion of the transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,835 shares of company stock valued at $11,959,517 in the last quarter. 3.00% of the stock is currently owned by company insiders.

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Q2 Trading Down 0.2 %

NYSE QTWO traded down $0.12 during mid-day trading on Thursday, reaching $78.53. 598,179 shares of the stock were exchanged, compared to its average volume of 614,516. The stock has a market cap of $4.77 billion, a P/E ratio of -120.82 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. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The stock has a 50 day simple moving average of $88.47 and a 200-day simple moving average of $90.22.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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, analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on QTWO shares. Stephens reaffirmed an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Stifel Nicolaus upped their price objective on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Needham & Company LLC raised their target price on shares of Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 price target (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Truist Financial reissued a "buy" rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Seven investment 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.com, Q2 presently has an average rating of "Moderate Buy" and a consensus price target of $105.27.

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.