Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 732.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 745,404 shares of the technology company’s stock after acquiring an additional 655,838 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.23% of Q2 worth $75,025,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pictet Asset Management Holding SA increased its holdings in Q2 by 25.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,820 shares of the technology company’s stock worth $888,000 after purchasing an additional 1,789 shares during the last quarter. Norges Bank acquired a new stake in shares of Q2 during the fourth quarter worth approximately $21,643,000. Congress Wealth Management LLC DE bought a new stake in shares of Q2 in the fourth quarter worth $220,000. LPL Financial LLC raised its holdings in Q2 by 35.3% in the fourth quarter. LPL Financial LLC now owns 25,569 shares of the technology company’s stock valued at $2,574,000 after acquiring an additional 6,666 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Q2 during the 4th quarter valued at $308,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on QTWO shares. Needham & Company LLC increased their price target on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Raymond James lifted their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their price target on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.47.

Insider Transactions at Q2

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were 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 directly owns 453,849 shares of the company’s stock, valued at approximately $35,527,299.72. This represents a 11.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction dated 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 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 three months, insiders sold 157,835 shares of company stock valued at $11,959,517. Company insiders own 3.00% of the company’s stock.

Q2 Stock Down 1.0 %

Shares of Q2 stock opened at $80.00 on Tuesday. 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 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. The business’s fifty day moving average price is $86.57 and its two-hundred day moving average price is $90.85. The company has a market capitalization of $4.86 billion, a P/E ratio of -123.08 and a beta of 1.62.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS 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.