EAM Investors LLC Has $4.53 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

EAM Investors LLC reduced its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,953 shares of the technology company's stock after selling 23,002 shares during the quarter. EAM Investors LLC owned 0.07% of Q2 worth $4,525,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. TCTC Holdings LLC bought a new stake in shares of Q2 during the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 in the 4th quarter worth approximately $30,000. Ameliora Wealth Management Ltd. bought a new position in shares of Q2 in the fourth quarter valued at approximately $32,000. 1620 Investment Advisors Inc. bought a new stake in Q2 during the fourth quarter worth approximately $137,000. Finally, Arcadia Investment Management Corp MI bought a new position in Q2 during the 4th quarter valued at $179,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada upped their price target on shares of Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stephens restated an "overweight" rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Compass Point reiterated a "neutral" rating and set a $60.00 price objective on shares of Q2 in a research report on Monday, April 7th. Finally, Stifel Nicolaus increased their price target on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $102.33.

Q2 Stock Down 3.9 %

Shares of NYSE:QTWO traded down $2.92 during trading on Monday, hitting $72.04. 91,261 shares of the company were exchanged, compared to its average volume of 650,492. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of -110.83 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 fifty-two week low of $50.04 and a fifty-two week high of $112.82. The firm has a fifty day moving average price of $80.11 and a two-hundred day moving average price of $90.38.

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

Insider Buying and Selling at Q2

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the transaction, the insider now owns 113,278 shares of the company's stock, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock valued at $14,853,965 in the last ninety days. 3.00% of the stock is currently owned by company 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.