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

Emerald Advisers LLC decreased its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 605,296 shares of the technology company’s stock after selling 19,021 shares during the period. Q2 makes up 1.5% of Emerald Advisers LLC’s investment portfolio, making the stock its 11th largest holding. Emerald Advisers LLC’s holdings in Q2 were worth $36,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its position in shares of Q2 by 10.8% during the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after acquiring an additional 398,871 shares during the period. Brown Capital Management LLC increased its stake in Q2 by 0.4% in the 1st quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock valued at $134,850,000 after purchasing an additional 11,000 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Q2 by 2.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,273,894 shares of the technology company’s stock valued at $137,184,000 after purchasing an additional 54,970 shares in the last quarter. Jennison Associates LLC boosted its position in Q2 by 14.6% during the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after purchasing an additional 235,582 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in Q2 in the first quarter valued at $62,765,000.

Insider Buying and Selling

In other news, Director James Offerdahl sold 1,013 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61. Following the completion of the sale, the director now directly owns 18,789 shares of the company’s stock, valued at approximately $1,389,822.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total value of $74,931.61. Following the transaction, the director now directly owns 18,789 shares of the company’s stock, valued at approximately $1,389,822.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey T. Diehl sold 28,005 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the sale, the director now directly owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,712 shares of company stock valued at $4,292,113. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

QTWO has been the subject of several research reports. Stifel Nicolaus lifted their price target on Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC upped their price target on shares of Q2 from $65.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Compass Point started coverage on shares of Q2 in a research note on Wednesday. They set a “buy” rating and a $91.00 price objective for the company. DA Davidson lowered Q2 from a “buy” rating to a “neutral” rating and upped their target price for the company from $65.00 to $76.00 in a research note on Wednesday, July 24th. Finally, BTIG Research raised their price target on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and an average price target of $72.38.

Q2 Stock Down 2.8 %

Shares of NYSE:QTWO opened at $71.14 on Friday. Q2 Holdings, Inc. has a 12-month low of $28.91 and a 12-month high of $75.94. The stock’s 50-day moving average price is $68.57 and its two-hundred day moving average price is $59.54. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of -52.70 and a beta of 1.58.

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.