Ameriprise Financial Inc. Raises Position in Q2 Holdings, Inc. (NYSE:QTWO)

Ameriprise Financial Inc. lifted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 105.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,012,787 shares of the technology company's stock after purchasing an additional 520,649 shares during the quarter. Ameriprise Financial Inc. owned about 1.68% of Q2 worth $101,937,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in QTWO. Nordea Investment Management AB boosted its stake in shares of Q2 by 61.8% in the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock valued at $11,208,000 after buying an additional 42,433 shares during the period. Janney Montgomery Scott LLC purchased a new position in Q2 in the fourth quarter worth approximately $288,000. Charles Schwab Investment Management Inc. grew its holdings in Q2 by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after acquiring an additional 10,636 shares in the last quarter. Dakota Wealth Management increased its position in shares of Q2 by 189.8% in the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company's stock valued at $1,613,000 after purchasing an additional 10,498 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Q2 in the 4th quarter valued at $18,271,000.

Insider Buying and Selling

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the sale, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. This represents a 11.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 15,005 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $1,112,170.60. Following the completion of the transaction, the executive now directly owns 197,966 shares of the company's stock, valued at approximately $14,673,239.92. This trade represents a 7.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock worth $14,853,965 in the last quarter. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QTWO. Morgan Stanley lifted their price target on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday. Royal Bank of Canada lowered their price target on Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a report on Thursday. The Goldman Sachs Group cut their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Robert W. Baird upped their target price on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Citigroup lifted their price target on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Q2 currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.80.

Q2 Stock Performance

NYSE QTWO traded down $1.21 on Friday, hitting $89.58. 944,699 shares of the company's stock were exchanged, compared to its average volume of 645,544. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm's 50-day moving average price is $77.63 and its two-hundred day moving average price is $90.19. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of -137.81 and a beta of 1.47. Q2 Holdings, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last released its 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%. On average, research analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

About Q2

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.