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

Caisse DE Depot ET Placement DU Quebec lessened its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 57.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on QTWO shares. Morgan Stanley increased their price objective on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday. Compass Point reiterated a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a report on Monday, April 7th. Needham & Company LLC reduced their target price on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a report on Thursday. Truist Financial restated a "buy" rating and issued a $110.00 target price (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group dropped their price target on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $98.80.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares of the company's stock, valued at approximately $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 quarter, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by insiders.

Q2 Stock Down 1.3 %

Shares of QTWO stock traded down $1.21 on Friday, reaching $89.58. 944,699 shares of the stock were exchanged, compared to its average volume of 645,544. Q2 Holdings, Inc. has a twelve month low of $55.97 and a twelve month high of $112.82. 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 market capitalization of $5.58 billion, a price-to-earnings ratio of -137.81 and a beta of 1.47. The business's 50 day moving average price is $77.63 and its 200 day moving average price is $90.19.

Q2 (NYSE:QTWO - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal 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.