Motley Fool Asset Management LLC Increases Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Motley Fool Asset Management LLC grew its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 10.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,635 shares of the technology company’s stock after purchasing an additional 3,523 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Q2 were worth $3,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Q2 by 107.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock valued at $135,449,000 after purchasing an additional 698,464 shares during the period. Trexquant Investment LP bought a new position in shares of Q2 during the 4th quarter valued at approximately $2,294,000. Geode Capital Management LLC increased its holdings in Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after acquiring an additional 36,025 shares in the last quarter. Franklin Resources Inc. raised its stake in Q2 by 893.5% during the 4th quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock worth $47,459,000 after acquiring an additional 424,062 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Q2 by 38.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,169 shares of the technology company’s stock valued at $722,000 after purchasing an additional 1,982 shares in the last quarter.

Insider Transactions at Q2

In other Q2 news, CEO Matthew P. Flake sold 36,023 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the sale, the chief executive officer now owns 485,666 shares of the company’s stock, valued at $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value 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. This trade represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by company insiders.

Q2 Price Performance

QTWO stock opened at $82.25 on Thursday. Q2 Holdings, Inc. has a 52 week low of $49.56 and a 52 week high of $112.82. The firm has a market capitalization of $4.99 billion, a P/E ratio of -126.54 and a beta of 1.62. The company has a fifty day simple moving average of $86.05 and a two-hundred day simple moving average of $90.84. 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 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%. Analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on QTWO shares. Needham & Company LLC increased their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Raymond James raised their price target on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Citigroup boosted their price objective on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their target price on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus boosted 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. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Q2 has a consensus rating of “Moderate Buy” and a consensus target price of $105.47.

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.