Q2 Holdings, Inc. (NYSE:QTWO) is Emerald Advisers LLC's 10th Largest Position

Emerald Advisers LLC lifted its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 493,433 shares of the technology company's stock after purchasing an additional 9,119 shares during the period. Q2 comprises about 1.8% of Emerald Advisers LLC's investment portfolio, making the stock its 10th largest position. Emerald Advisers LLC owned 0.79% of Q2 worth $39,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Q2 during the 4th quarter worth about $18,271,000. Rhumbline Advisers grew its holdings in Q2 by 6.9% during the 1st quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock worth $6,987,000 after acquiring an additional 5,672 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Q2 during the 4th quarter worth about $140,000. Natixis Advisors LLC grew its holdings in Q2 by 6.3% during the 4th quarter. Natixis Advisors LLC now owns 18,525 shares of the technology company's stock worth $1,865,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Mariner LLC grew its holdings in Q2 by 36.2% during the 4th quarter. Mariner LLC now owns 3,644 shares of the technology company's stock worth $367,000 after acquiring an additional 968 shares in the last quarter.

Analyst Upgrades and Downgrades

QTWO has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada lowered their price target on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Cantor Fitzgerald initiated coverage on shares of Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target on the stock. The Goldman Sachs Group lowered their price target on shares of Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Raymond James Financial lowered their price target on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $100.41.

Q2 Stock Performance

Shares of NYSE:QTWO traded up $1.39 during trading on Monday, hitting $90.58. 111,823 shares of the stock traded hands, compared to its average volume of 641,000. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.55. The company has a market cap of $5.64 billion, a price-to-earnings ratio of -258.73 and a beta of 1.48. The company has a fifty day moving average price of $89.76 and a two-hundred day moving average price of $87.02. Q2 Holdings, Inc. has a 52-week low of $61.51 and a 52-week high of $112.82.

Insider Activity

In other news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the transaction, the director directly owned 16,241 shares of the company's stock, valued at $1,425,472.57. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Michael S. Kerr sold 397 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total transaction of $36,881.30. Following the completion of the sale, the general counsel directly owned 58,441 shares of the company's stock, valued at approximately $5,429,168.90. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,991 shares of company stock valued at $357,153 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

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.