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

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

Several other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Q2 during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in Q2 in the fourth quarter valued at approximately $30,000. TCTC Holdings LLC bought a new position in shares of Q2 during the fourth quarter valued at approximately $30,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Q2 during the 4th quarter worth approximately $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 purchasing an additional 275 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Matthew P. Flake sold 36,023 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the sale, the chief executive officer now directly owns 485,666 shares of the company's stock, valued at $39,023,263.10. This trade represents a 6.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 of the company's stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

QTWO has been the topic of several analyst reports. Raymond James increased their target price on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Needham & Company LLC boosted 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. Robert W. Baird reaffirmed a "neutral" rating and set a $99.00 price target (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Royal Bank of Canada increased their price objective on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $100.60.

Q2 Trading Up 1.7 %

QTWO traded up $1.38 during trading on Friday, reaching $80.53. The company had a trading volume of 628,440 shares, compared to its average volume of 647,617. The firm's 50-day simple moving average is $77.76 and its 200 day simple moving average is $90.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -123.89 and a beta of 1.47. Q2 Holdings, Inc. has a 12-month low of $54.04 and a 12-month high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last posted 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Equities research analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current 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.