Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by CenterBook Partners LP

CenterBook Partners LP increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 103.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,643 shares of the technology company's stock after purchasing an additional 7,947 shares during the period. CenterBook Partners LP's holdings in Q2 were worth $1,574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock worth $133,118,000 after buying an additional 5,000 shares during the period. Nordea Investment Management AB increased its stake in shares of Q2 by 61.8% during 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 during the period. Janney Montgomery Scott LLC acquired a new position in Q2 in the fourth quarter worth approximately $288,000. Charles Schwab Investment Management Inc. boosted its stake in Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after purchasing an additional 10,636 shares during the period. Finally, Dakota Wealth Management boosted its stake in shares of Q2 by 189.8% during the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company's stock valued at $1,613,000 after buying an additional 10,498 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on QTWO shares. Raymond James increased their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Robert W. Baird reiterated a "neutral" rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. KeyCorp upgraded Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price for the company in a report on Wednesday, December 18th. Finally, Baird R W lowered Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.33.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was 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 $1,516,518.36. This trade represents a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value of $2,894,448.05. Following the transaction, the chief executive officer now owns 485,666 shares in the company, valued at $39,023,263.10. This trade represents a 6.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock valued at $14,853,965 in the last three months. Corporate insiders own 3.00% of the company's stock.

Q2 Price Performance

Shares of QTWO traded down $1.13 during trading hours on Wednesday, hitting $75.75. 75,763 shares of the company were exchanged, compared to its average volume of 783,257. The company has a market capitalization of $4.60 billion, a PE ratio of -116.54 and a beta of 1.61. Q2 Holdings, Inc. has a one year low of $49.56 and a one year high of $112.82. 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 has a fifty day simple moving average of $81.21 and a 200-day simple moving average of $90.37.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS 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%. As a group, sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share 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.