Capital Research Global Investors Acquires 152,872 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Capital Research Global Investors boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,518,376 shares of the technology company's stock after buying an additional 152,872 shares during the quarter. Capital Research Global Investors owned 2.51% of Q2 worth $152,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new position in shares of Q2 in the 4th quarter worth $202,645,000. Geode Capital Management LLC increased its position in shares of Q2 by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock worth $140,175,000 after acquiring an additional 36,025 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Q2 by 107.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after acquiring an additional 698,464 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Q2 by 732.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock worth $75,025,000 after purchasing an additional 655,838 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $51,036,000 after purchasing an additional 10,636 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Baird R W downgraded Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. 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 research note on Friday, January 10th. Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Stifel Nicolaus lifted their price objective on Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Stephens reaffirmed an "overweight" rating and issued a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $102.33.

Insider Activity

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jonathan Price sold 42,652 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total value of $3,172,029.24. Following the sale, the chief financial officer now owns 209,378 shares in the company, valued at approximately $15,571,441.86. This represents a 16.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,858 shares of company stock valued at $14,853,965. Insiders own 3.00% of the company's stock.

Q2 Stock Performance

QTWO traded up $0.06 during trading on Friday, hitting $79.04. The stock had a trading volume of 413,183 shares, compared to its average volume of 651,518. The firm has a market cap of $4.80 billion, a PE ratio of -121.60 and a beta of 1.61. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 12 month low of $50.91 and a 12 month high of $112.82. The company has a 50 day simple moving average of $78.55 and a 200-day simple moving average of $90.12.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Q2 Company 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.