Robeco Institutional Asset Management B.V. Purchases 10,000 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Robeco Institutional Asset Management B.V. increased its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,251 shares of the technology company's stock after purchasing an additional 10,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.23% of Q2 worth $11,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Q2 by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock valued at $51,036,000 after acquiring an additional 10,636 shares during the period. Raymond James Financial Inc. bought a new position in shares of Q2 in the fourth quarter valued at about $18,271,000. SBI Securities Co. Ltd. bought a new position in shares of Q2 in the fourth quarter valued at about $30,000. Public Employees Retirement System of Ohio bought a new position in shares of Q2 in the fourth quarter valued at about $140,000. Finally, Natixis Advisors LLC raised 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 purchasing an additional 1,090 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Needham & Company LLC lowered their price target on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. 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 research note on Friday, March 28th. Cantor Fitzgerald initiated coverage on Q2 in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price objective for the company. Finally, Raymond James Financial reduced their price target on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Q2 has an average rating of "Moderate Buy" and a consensus target price of $100.41.

Q2 Price Performance

Q2 stock opened at $94.07 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $5.86 billion, a PE ratio of -268.77 and a beta of 1.48. Q2 Holdings, Inc. has a 12 month low of $59.51 and a 12 month high of $112.82. The stock has a 50-day moving average price of $86.82 and a two-hundred day moving average price of $87.83.

Insider Transactions at Q2

In other news, General Counsel Michael S. Kerr sold 397 shares of the firm's stock in a transaction dated 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 transaction, the general counsel now directly owns 58,441 shares in the company, valued at $5,429,168.90. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $2,894,448.05. Following the transaction, the chief executive officer now owns 485,666 shares of the company's stock, valued at $39,023,263.10. This trade represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,014 shares of company stock worth $3,251,601 over the last ninety days. 3.00% of the stock is owned by 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.

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