Edgestream Partners L.P. Increases Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Edgestream Partners L.P. boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 76,879 shares of the technology company’s stock after buying an additional 518 shares during the quarter. Edgestream Partners L.P.’s holdings in Q2 were worth $7,738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versor Investments LP purchased a new position in shares of Q2 during the 3rd quarter worth $590,000. State Street Corp lifted its position in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock worth $2,451,000 after buying an additional 7,475 shares during the period. Nordea Investment Management AB increased its position in shares of Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after acquiring an additional 42,433 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Q2 during the third quarter valued at about $1,227,000.

Q2 Price Performance

Q2 stock opened at $77.12 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $93.06 and a 200-day simple moving average of $90.01. The stock has a market cap of $4.68 billion, a P/E ratio of -118.64 and a beta of 1.61. Q2 Holdings, Inc. has a 12-month low of $46.50 and a 12-month high of $112.82.

Q2 (NYSE:QTWO) last announced its quarterly 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%. Equities analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company’s stock, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Michael A. Volanoski sold 4,178 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the transaction, the executive now owns 223,494 shares of the company’s stock, valued at $23,690,364. This represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,288 shares of company stock worth $3,091,483 over the last 90 days. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. 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 report on Thursday, February 13th. Truist Financial restated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. The Goldman Sachs Group raised their target price on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.