Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,963,712 shares of the technology company's stock after selling 78,092 shares during the quarter. Vanguard Group Inc. owned about 11.53% of Q2 worth $700,898,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of QTWO. William Blair Investment Management LLC purchased a new position in shares of Q2 during the 4th quarter worth about $202,645,000. Raymond James Financial Inc. purchased a new stake in Q2 in the fourth quarter worth $18,271,000. Rockefeller Capital Management L.P. bought a new stake in shares of Q2 during the third quarter worth $9,847,000. Cookson Peirce & Co. Inc. bought a new position in shares of Q2 in the fourth quarter worth about $11,681,000. Finally, Wealthfront Advisers LLC purchased a new position in Q2 in the 4th quarter worth about $9,367,000.

Insider Transactions at Q2

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares of the company's stock, valued at $8,396,165.36. The trade was a 5.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Offerdahl sold 1,000 shares of the company'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 of the company's stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is currently owned by corporate insiders.

Q2 Trading Down 6.8 %

Shares of QTWO stock traded down $5.17 on Friday, hitting $70.42. The stock had a trading volume of 1,146,902 shares, compared to its average volume of 644,243. The firm has a market capitalization of $4.28 billion, a P/E ratio of -108.33 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. The company's 50 day moving average price is $85.20 and its 200-day moving average price is $90.70. Q2 Holdings, Inc. has a 1 year low of $49.56 and a 1 year high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QTWO has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Baird R W cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Truist Financial reaffirmed a "buy" rating and issued a $110.00 price target (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Citigroup boosted their target price on Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Raymond James upped their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $105.47.

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.