9,365 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Acquired by Quantessence Capital LLC

Quantessence Capital LLC purchased a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,365 shares of the technology company's stock, valued at approximately $943,000.

Several other institutional investors have also added to or reduced their stakes in QTWO. Highland Capital Management LLC increased its position in Q2 by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock valued at $279,000 after purchasing an additional 172 shares during the period. Arizona State Retirement System lifted its holdings in Q2 by 1.1% in the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock worth $1,761,000 after buying an additional 190 shares during the period. Summit Investment Advisors Inc. boosted its position in Q2 by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock valued at $620,000 after acquiring an additional 195 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of Q2 by 2.7% during the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock worth $817,000 after acquiring an additional 215 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after purchasing an additional 275 shares during the period.

Insider Transactions at Q2

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 453,849 shares of the company's stock, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jonathan Price sold 42,652 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the completion of the transaction, the chief financial officer now directly owns 209,378 shares of the company's stock, valued at approximately $15,571,441.86. This represents a 16.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock valued at $14,853,965 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank of Canada raised their price objective on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Compass Point restated a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a report on Monday, April 7th. Robert W. Baird reaffirmed a "neutral" rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Raymond James increased their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC raised their price target 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.33.

Q2 Stock Down 0.6 %

Shares of QTWO traded down $0.46 during mid-day trading on Friday, hitting $78.52. The company's stock had a trading volume of 18,682 shares, compared to its average volume of 648,670. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of -120.86 and a beta of 1.61. Q2 Holdings, Inc. has a 52-week low of $50.91 and a 52-week high of $112.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The company's 50-day moving average is $78.84 and its 200-day moving average is $90.13.

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 the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal 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.