Q2 Holdings, Inc. (NYSE:QTWO) Position Increased by LPL Financial LLC

LPL Financial LLC lifted its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,569 shares of the technology company's stock after buying an additional 6,666 shares during the quarter. LPL Financial LLC's holdings in Q2 were worth $2,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QTWO. State Street Corp increased its holdings in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock valued at $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Nordea Investment Management AB boosted its stake in Q2 by 61.8% in the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after buying an additional 42,433 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Q2 during the 4th quarter valued at about $288,000. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 10,636 shares during the period. Finally, Dakota Wealth Management grew its holdings in Q2 by 189.8% in the fourth quarter. Dakota Wealth Management now owns 16,030 shares of the technology company's stock valued at $1,613,000 after purchasing an additional 10,498 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QTWO. Raymond James lifted their price objective on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Baird R W cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Needham & Company LLC increased their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their target price on shares of Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada increased their price target on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.33.

Q2 Stock Up 0.1 %

Shares of Q2 stock traded up $0.07 during trading on Friday, reaching $74.97. The company had a trading volume of 381,570 shares, compared to its average volume of 651,444. 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 fifty-two week low of $49.56 and a fifty-two week high of $112.82. The firm's fifty day moving average is $80.11 and its 200-day moving average is $90.21. The company has a market cap of $4.55 billion, a price-to-earnings ratio of -115.34 and a beta of 1.61.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Activity

In related news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now directly owns 17,241 shares of the company's stock, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the sale, the chief executive officer now directly owns 485,666 shares of the company's stock, valued at $39,023,263.10. The trade was a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,858 shares of company stock valued at $14,853,965. Company insiders own 3.00% 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.