Ameriprise Financial Inc. Has $101.94 Million Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Ameriprise Financial Inc. grew its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 105.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,012,787 shares of the technology company's stock after acquiring 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 SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC raised its stake in Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company's stock worth $13,012,000 after acquiring an additional 83,181 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Q2 by 48.7% in the 3rd quarter. Tidal Investments LLC now owns 10,646 shares of the technology company's stock valued at $849,000 after acquiring an additional 3,486 shares during the period. Franklin Resources Inc. grew its stake in shares of Q2 by 17.5% in the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company's stock valued at $3,888,000 after buying an additional 7,053 shares in the last quarter. Principal Financial Group Inc. increased its stake in Q2 by 38.6% during the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock worth $14,095,000 after purchasing an additional 49,233 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after buying an additional 42,433 shares in the last quarter.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of the company'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 transaction, the director now directly owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the sale, the chief executive officer now directly owns 453,849 shares of the company's stock, valued at $35,527,299.72. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock valued at $14,853,965 in the last quarter. Insiders own 0.31% of the company's stock.

Q2 Stock Performance

NYSE QTWO traded down $0.99 during trading hours on Wednesday, hitting $91.74. The company had a trading volume of 217,701 shares, compared to its average volume of 647,535. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5.72 billion, a P/E ratio of -141.14 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. The business has a fifty day simple moving average of $78.17 and a 200-day simple moving average of $90.31.

Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on QTWO shares. Citigroup increased their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Royal Bank of Canada reduced their price target on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Truist Financial reaffirmed a "buy" rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Raymond James reduced their target price on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Finally, Compass Point reiterated a "neutral" rating and set a $60.00 price target on shares of Q2 in a research note on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $98.80.

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.