Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC cut its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 22.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 484,314 shares of the technology company’s stock after selling 136,563 shares during the period. Q2 accounts for about 1.9% of Emerald Advisers LLC’s holdings, making the stock its 4th biggest position. Emerald Advisers LLC owned 0.80% of Q2 worth $48,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC purchased a new stake in Q2 during the 4th quarter worth $202,645,000. Raymond James Financial Inc. purchased a new position in Q2 in the 4th quarter valued at about $18,271,000. Rockefeller Capital Management L.P. purchased a new position in Q2 in the 3rd quarter valued at about $9,847,000. Cookson Peirce & Co. Inc. purchased a new position in Q2 in the 4th quarter valued at about $11,681,000. Finally, Wealthfront Advisers LLC purchased a new position in Q2 in the 4th quarter valued at about $9,367,000.

Insider Buying and Selling at Q2

In related news, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the transaction, the chief executive officer now owns 453,849 shares in the company, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,835 shares of company stock worth $11,959,517. 3.00% of the stock is owned by company insiders.

Q2 Price Performance

QTWO opened at $79.10 on Friday. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of -121.69 and a beta of 1.62. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82. The company’s 50-day moving average price is $87.85 and its 200 day moving average price is $90.30. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last announced 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 negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on QTWO shares. Royal Bank of Canada upped their price objective on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Truist Financial reissued a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Finally, Stephens reaffirmed an “overweight” rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.27.

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.