Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 7.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,251 shares of the technology company's stock after buying an additional 10,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.23% of Q2 worth $11,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QTWO. Sanctuary Advisors LLC purchased a new position in Q2 during the fourth quarter valued at approximately $296,000. Proficio Capital Partners LLC purchased a new position in shares of Q2 in the 4th quarter valued at $29,000. US Bancorp DE raised its position in shares of Q2 by 1.7% in the 4th quarter. US Bancorp DE now owns 30,143 shares of the technology company's stock worth $3,034,000 after acquiring an additional 511 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Q2 in the 4th quarter worth $30,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Q2 by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after purchasing an additional 10,636 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on QTWO shares. Needham & Company LLC cut their target price on Q2 from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley raised their price target on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Royal Bank Of Canada reduced their price objective on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Cantor Fitzgerald assumed 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. Finally, The Goldman Sachs Group reduced their price target on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $100.41.

Q2 Stock Performance

Shares of QTWO stock traded up $0.39 during mid-day trading on Thursday, reaching $92.69. The stock had a trading volume of 248,849 shares, compared to its average volume of 642,921. Q2 Holdings, Inc. has a 1-year low of $60.00 and a 1-year high of $112.82. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of -264.81 and a beta of 1.48. 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 business's fifty day moving average is $87.89 and its 200-day moving average is $87.81.

Insider Activity at Q2

In related news, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were 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 represents a 0.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction of $126,920.64. Following the transaction, the executive directly owned 175,812 shares of the company's stock, valued at approximately $15,626,170.56. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,991 shares of company stock worth $357,153 over the last quarter. Insiders own 0.31% of the company's stock.

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.