Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 15.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 259,260 shares of the technology company's stock after selling 47,174 shares during the quarter. Victory Capital Management Inc. owned 0.43% of Q2 worth $26,095,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QTWO. Proficio Capital Partners LLC acquired a new position in shares of Q2 during the fourth quarter valued at approximately $29,000. Quarry LP increased its position in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after purchasing an additional 336 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Q2 in the 4th quarter valued at $30,000. Ameliora Wealth Management Ltd. purchased a new position in Q2 in the 4th quarter valued at $32,000. Finally, Asset Management One Co. Ltd. boosted its stake in Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company's stock worth $148,000 after purchasing an additional 964 shares during the last quarter.

Insider Transactions at Q2

In other Q2 news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the transaction, the insider now owns 113,278 shares of the company's stock, valued at $8,396,165.36. The trade was a 5.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company's stock, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,835 shares of company stock valued at $11,959,517. Corporate insiders own 3.00% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on QTWO shares. 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. Citigroup upped their price target on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. KeyCorp upgraded Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective on the stock in a research report on Wednesday, December 18th. Robert W. Baird restated a "neutral" rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Needham & Company LLC raised their target price on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.27.

Q2 Stock Up 3.9 %

Shares of NYSE QTWO traded up $2.82 during mid-day trading on Friday, hitting $75.89. The company had a trading volume of 1,023,863 shares, compared to its average volume of 615,098. The company has a market capitalization of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62. The business's 50-day simple moving average is $90.35 and its 200 day simple moving average is $90.03. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. 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 (NYSE:QTWO - Get Free Report) last issued its earnings results 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%. On average, analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

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.