Renaissance Group LLC Has $5.97 Million Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

Renaissance Group LLC decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,311 shares of the technology company's stock after selling 5,708 shares during the quarter. Renaissance Group LLC owned 0.10% of Q2 worth $5,970,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Trek Financial LLC acquired a new position in shares of Q2 during the fourth quarter valued at approximately $346,000. Russell Investments Group Ltd. increased its position in shares of Q2 by 21.7% during the 4th quarter. Russell Investments Group Ltd. now owns 33,489 shares of the technology company's stock valued at $3,371,000 after purchasing an additional 5,965 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Q2 by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 97,356 shares of the technology company's stock worth $9,799,000 after buying an additional 1,622 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Q2 in the 4th quarter worth $299,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Q2 in the fourth quarter valued at $586,000.

Q2 Stock Up 2.9 %

Q2 stock traded up $2.11 during mid-day trading on Friday, hitting $74.79. The company's stock had a trading volume of 783,952 shares, compared to its average volume of 651,352. 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 52-week low of $49.56 and a 52-week high of $112.82. The firm's 50 day moving average is $81.95 and its 200 day moving average is $90.49. The company has a market cap of $4.54 billion, a PE ratio of -115.06 and a beta of 1.61.

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Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings results 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, analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Transactions at Q2

In other Q2 news, CFO Jonathan Price sold 42,652 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the transaction, the chief financial officer now directly owns 209,378 shares of the company's stock, valued at $15,571,441.86. This represents a 16.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the transaction, the chief executive officer now owns 485,666 shares in the company, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

QTWO has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective on the stock in a research note on Wednesday, December 18th. Baird R W lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. The Goldman Sachs Group reduced their target price on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, 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 report on Friday, January 10th. Eight research 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 a consensus rating of "Moderate Buy" and a consensus price target of $102.33.

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.