Emerald Mutual Fund Advisers Trust Sells 9,239 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Emerald Mutual Fund Advisers Trust lowered its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,445 shares of the technology company's stock after selling 9,239 shares during the quarter. Q2 makes up about 1.6% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 13th largest position. Emerald Mutual Fund Advisers Trust owned approximately 0.47% of Q2 worth $23,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Xponance Inc. lifted its stake in Q2 by 5.1% in the first quarter. Xponance Inc. now owns 4,576 shares of the technology company's stock valued at $366,000 after buying an additional 224 shares during the period. Cerity Partners LLC lifted its stake in Q2 by 52.7% in the first quarter. Cerity Partners LLC now owns 3,391 shares of the technology company's stock valued at $271,000 after buying an additional 1,170 shares during the period. Penserra Capital Management LLC lifted its stake in Q2 by 2.3% in the first quarter. Penserra Capital Management LLC now owns 81,391 shares of the technology company's stock valued at $6,512,000 after buying an additional 1,855 shares during the period. Peregrine Capital Management LLC acquired a new position in Q2 in the first quarter valued at about $7,778,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Q2 by 7.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 137,694 shares of the technology company's stock valued at $11,017,000 after buying an additional 9,710 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on QTWO. Robert W. Baird increased their target price on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. started coverage on Q2 in a report on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 price target for the company. Morgan Stanley increased their price target on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Compass Point restated a "neutral" rating and issued a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Finally, The Goldman Sachs Group lowered their price target on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a report on Friday, March 28th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and an average price target of $100.41.

Q2 Stock Performance

Shares of NYSE QTWO opened at $89.14 on Friday. The stock has a 50 day moving average price of $89.76 and a 200 day moving average price of $87.27. Q2 Holdings, Inc. has a 52 week low of $61.51 and a 52 week high of $112.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $5.55 billion, a PE ratio of -254.68 and a beta of 1.48.

Insider Activity

In other news, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the sale, the executive directly owned 175,812 shares of the company's stock, valued at $15,626,170.56. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total value of $36,881.30. Following the transaction, the general counsel owned 58,441 shares in the company, valued at approximately $5,429,168.90. This trade represents 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 over the last three months. Insiders own 0.31% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.