Twin Tree Management LP Buys New Shares in Q2 Holdings, Inc. (NYSE:QTWO)

Twin Tree Management LP acquired a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,766 shares of the technology company's stock, valued at approximately $1,084,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC grew its holdings in shares of Q2 by 4.5% during the third quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company's stock valued at $1,391,000 after buying an additional 744 shares in the last quarter. Swiss National Bank increased its stake in 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 buying an additional 1,200 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Q2 by 7.0% during the 3rd quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company's stock valued at $2,488,000 after buying an additional 2,035 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Q2 during the 3rd quarter valued at $2,559,000. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Q2 by 3.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 266,079 shares of the technology company's stock valued at $21,225,000 after acquiring an additional 9,976 shares in the last quarter.

Q2 Price Performance

NYSE QTWO traded up $0.49 on Friday, hitting $79.10. 894,398 shares of the company were exchanged, compared to its average volume of 614,394. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. The firm has a 50 day moving average of $87.85 and a two-hundred day moving average of $90.18. The company has a market cap of $4.80 billion, a P/E ratio of -121.69 and a beta of 1.62. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

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Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly 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 analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on QTWO shares. Raymond James lifted their price objective on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Baird R W lowered Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Stephens restated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Stifel Nicolaus boosted their target price 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. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Q2 has a consensus rating of "Moderate Buy" and an average price target of $105.27.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % 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 hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. This represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,835 shares of company stock valued at $11,959,517 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Q2 Company 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.