Harvest Fund Management Co. Ltd Grows Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Harvest Fund Management Co. Ltd lifted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 343.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,563 shares of the technology company’s stock after acquiring an additional 10,507 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Q2 were worth $1,365,000 as of its most recent SEC filing.

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

Insider Activity at Q2

In other Q2 news, CFO Jonathan Price sold 42,652 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total value of $3,172,029.24. Following the sale, the chief financial officer now directly owns 209,378 shares of the company’s stock, valued at approximately $15,571,441.86. This represents a 16.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,835 shares of company stock worth $11,959,517. Company insiders own 3.00% of the company’s stock.

Q2 Stock Up 3.3 %

Shares of QTWO opened at $78.65 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $4.78 billion, a PE ratio of -120.99 and a beta of 1.62. The company’s 50-day simple moving average is $88.47 and its 200-day simple moving average is $90.22. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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 forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on QTWO shares. Raymond James increased their price target on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Robert W. Baird restated a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Stifel Nicolaus increased their price target on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.27.

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.