Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Comerica Bank

Comerica Bank reduced its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,881 shares of the technology company's stock after selling 28,644 shares during the period. Comerica Bank owned 0.25% of Q2 worth $14,985,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new stake in shares of Q2 during the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in Q2 in the fourth quarter valued at about $30,000. TCTC Holdings LLC purchased a new position in Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Q2 during the fourth quarter valued at about $32,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after acquiring an additional 275 shares during the last quarter.

Q2 Stock Performance

Shares of NYSE:QTWO traded up $1.35 during trading on Wednesday, reaching $80.66. The company had a trading volume of 108,312 shares, compared to its average volume of 733,274. 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 stock's fifty day moving average price is $77.44 and its 200 day moving average price is $90.11. Q2 Holdings, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $112.82. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of -124.08 and a beta of 1.47.

Q2 (NYSE:QTWO - Get Free Report) last released its 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, equities research analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on QTWO. Baird R W cut 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 set a $99.00 price target (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Royal Bank of Canada raised their price objective on shares of Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Compass Point reaffirmed a "neutral" rating and set a $60.00 target price on shares of Q2 in a research note on Monday, April 7th. Finally, Raymond James raised their price target on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Q2 has an average rating of "Moderate Buy" and a consensus target price of $100.60.

Insider Activity at Q2

In other news, CRO Michael A. Volanoski sold 15,005 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the sale, the executive now owns 197,966 shares of the company's stock, valued at $14,673,239.92. The trade was a 7.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the transaction, the chief executive officer now directly owns 453,849 shares of the company's stock, valued at $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock worth $14,853,965 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Q2 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.