Trexquant Investment LP Buys Shares of 22,790 Q2 Holdings, Inc. (NYSE:QTWO)

Trexquant Investment LP purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,790 shares of the technology company's stock, valued at approximately $2,294,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC acquired a new position in Q2 during the fourth quarter worth about $202,645,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Q2 by 732.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock worth $75,025,000 after purchasing an additional 655,838 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Q2 by 893.5% during the 4th quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company's stock worth $47,459,000 after purchasing an additional 424,062 shares during the last quarter. Norges Bank purchased a new stake in Q2 in the 4th quarter valued at approximately $21,643,000. Finally, Raymond James Financial Inc. acquired a new stake in Q2 during the 4th quarter valued at $18,271,000.

Insiders Place Their Bets

In other news, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 193,858 shares of company stock worth $14,853,965 over the last ninety days. 3.00% of the stock is owned by company insiders.

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Analyst Ratings Changes

A number of research firms have recently weighed in on QTWO. Robert W. Baird reissued a "neutral" rating and issued a $99.00 price target (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Stephens restated an "overweight" rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Truist Financial reaffirmed 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. Citigroup boosted their price objective on shares of Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Baird R W lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $102.33.

Q2 Trading Up 2.9 %

Q2 stock traded up $2.11 during midday trading on Friday, reaching $74.79. The stock had a trading volume of 783,952 shares, compared to its average volume of 650,594. The stock's 50-day simple moving average is $81.95 and its 200 day simple moving average is $90.40. Q2 Holdings, Inc. has a twelve month low of $49.56 and a twelve month high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $4.54 billion, a PE ratio of -115.06 and a beta of 1.61.

Q2 (NYSE:QTWO - Get Free Report) last released 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 negative net margin of 5.53% and a positive return on equity of 0.85%. Analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current 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.