Dimensional Fund Advisors LP Sells 61,500 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Dimensional Fund Advisors LP cut its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 937,744 shares of the technology company's stock after selling 61,500 shares during the period. Dimensional Fund Advisors LP owned approximately 1.55% of Q2 worth $94,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QTWO. TCTC Holdings LLC purchased a new stake in shares of Q2 in the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in Q2 in the 4th quarter valued at about $30,000. Ameliora Wealth Management Ltd. bought a new position in shares of Q2 during the 4th quarter worth approximately $32,000. NewEdge Advisors LLC boosted its stake 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 buying an additional 275 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Q2 in the fourth quarter valued at approximately $137,000.

Q2 Price Performance

NYSE:QTWO traded up $1.38 during trading hours on Friday, hitting $80.53. The stock had a trading volume of 628,440 shares, compared to its average volume of 639,121. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of -123.89 and a beta of 1.47. Q2 Holdings, Inc. has a one year low of $55.97 and a one year high of $112.82. The company has a 50 day simple moving average of $77.67 and a two-hundred day simple moving average of $90.19. 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 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data 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%. Research analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James Offerdahl sold 1,000 shares of the business'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 value of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. This represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

QTWO has been the topic of several research analyst reports. Stifel Nicolaus cut their price objective on Q2 from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Baird R W lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Robert W. Baird reaffirmed a "neutral" rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Stephens reissued an "overweight" rating and set a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.60.

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.