Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 57.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,431 shares of the technology company's stock after selling 33,317 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Q2 were worth $2,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in shares of Q2 by 61.8% in 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 in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Q2 in the fourth quarter worth about $288,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Q2 by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after buying an additional 10,636 shares in the last quarter. Dakota Wealth Management raised its holdings in 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 acquiring an additional 10,498 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Q2 in the 4th quarter worth approximately $18,271,000.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of recent research reports. Baird R W downgraded Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Raymond James decreased their target price on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday. Compass Point restated a "neutral" rating and set a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Stifel Nicolaus increased their price objective on Q2 from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Morgan Stanley lifted their target price on Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Q2 currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.80.

Q2 Stock Up 13.8 %

Shares of QTWO traded up $11.10 during mid-day trading on Thursday, reaching $91.41. The company's stock had a trading volume of 1,949,265 shares, compared to its average volume of 642,485. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a 12-month low of $55.97 and a 12-month high of $112.82. The stock has a market cap of $5.70 billion, a PE ratio of -140.63 and a beta of 1.47. The company's 50 day moving average is $77.30 and its 200 day moving average is $90.04.

Q2 (NYSE:QTWO - Get Free Report) last posted 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%. Equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares in the company, valued at $8,396,165.36. This trade represents a 5.55 % 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 link. Also, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was 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 in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is owned by company insiders.

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.