ProShare Advisors LLC Acquires 5,337 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

ProShare Advisors LLC lifted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,845 shares of the technology company's stock after purchasing an additional 5,337 shares during the period. ProShare Advisors LLC's holdings in Q2 were worth $1,695,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of QTWO. William Blair Investment Management LLC bought a new position in Q2 during the 4th quarter worth $202,645,000. Capital Research Global Investors raised its position in shares of Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock worth $152,825,000 after acquiring an additional 152,872 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Q2 by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock worth $140,175,000 after acquiring an additional 36,025 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after acquiring an additional 698,464 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Q2 by 105.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock valued at $101,937,000 after acquiring an additional 520,649 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on QTWO shares. Truist Financial restated a "buy" rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Stifel Nicolaus lifted their target price on shares of Q2 from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Robert W. Baird upped their price target on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Raymond James decreased their price target on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their price objective on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Q2 has an average rating of "Moderate Buy" and a consensus target price of $98.80.

Q2 Stock Down 3.0%

Shares of NYSE:QTWO opened at $87.30 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 Holdings, Inc. has a 52-week low of $55.97 and a 52-week high of $112.82. The business's 50 day simple moving average is $80.06 and its two-hundred day simple moving average is $90.49. The firm has a market cap of $5.44 billion, a P/E ratio of -134.31 and a beta of 1.47.

Insider Transactions at Q2

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 113,278 shares of the company's stock, valued at $8,396,165.36. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew P. Flake sold 56,799 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 194,255 shares of company stock valued at $14,890,846 over the last ninety days. 0.31% of the stock is owned by company insiders.

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.

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