Q2 Holdings, Inc. (NYSE:QTWO) Position Boosted by Marshall Wace LLP

Marshall Wace LLP raised its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 404.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,740 shares of the technology company's stock after acquiring an additional 23,040 shares during the quarter. Marshall Wace LLP's holdings in Q2 were worth $2,893,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Highland Capital Management LLC increased its position in Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock worth $279,000 after buying an additional 172 shares during the period. Arizona State Retirement System increased its holdings in shares of Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock valued at $1,761,000 after acquiring an additional 190 shares during the period. Summit Investment Advisors Inc. raised its position in Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock valued at $620,000 after purchasing an additional 195 shares during the last quarter. Moran Wealth Management LLC boosted its stake in Q2 by 2.7% during the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock worth $817,000 after purchasing an additional 215 shares during the period. Finally, NewEdge Advisors LLC grew its position in Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after purchasing an additional 275 shares during the last quarter.

Q2 Stock Up 1.3 %

NYSE QTWO traded up $1.02 during trading hours on Friday, hitting $80.17. The company had a trading volume of 98,455 shares, compared to its average volume of 645,540. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a fifty-two week low of $54.04 and a fifty-two week high of $112.82. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of -123.34 and a beta of 1.47. The firm's 50 day moving average is $77.76 and its 200 day moving average is $90.08.

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

Insider Activity

In other news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, the director now owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares in the company, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock worth $14,853,965 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup increased their price objective on Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Robert W. Baird reissued a "neutral" rating and set a $99.00 price target (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Stephens reiterated an "overweight" rating and set a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Compass Point restated a "neutral" rating and set a $60.00 target price on shares of Q2 in a research report on Monday, April 7th. Finally, Royal Bank of Canada raised their price objective on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $100.60.

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.