Federated Hermes Inc. Trims Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Federated Hermes Inc. trimmed its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 701,510 shares of the technology company's stock after selling 26,281 shares during the quarter. Federated Hermes Inc. owned 1.20% of Q2 worth $30,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Q2 by 2,582.4% during the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company's stock valued at $40,000 after purchasing an additional 878 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Q2 by 370.8% during the second quarter. Captrust Financial Advisors now owns 1,243 shares of the technology company's stock valued at $48,000 after acquiring an additional 979 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Q2 in the first quarter worth $49,000. RiverPark Advisors LLC boosted its holdings in Q2 by 261.0% in the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company's stock valued at $58,000 after acquiring an additional 963 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Q2 by 681.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,485 shares of the technology company's stock valued at $61,000 after acquiring an additional 2,167 shares in the last quarter.

Insiders Place Their Bets

In other news, CEO Matthew P. Flake sold 45,000 shares of the firm's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $41.09, for a total transaction of $1,849,050.00. Following the sale, the chief executive officer now owns 473,411 shares of the company's stock, valued at approximately $19,452,457.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, President Kirk L. Coleman sold 2,904 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $46.01, for a total transaction of $133,613.04. Following the completion of the sale, the president now owns 253,015 shares in the company, valued at $11,641,220.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew P. Flake sold 45,000 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the completion of the transaction, the chief executive officer now directly owns 473,411 shares in the company, valued at $19,452,457.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 345,313 shares of company stock valued at $15,340,114. 3.60% of the stock is owned by insiders.

Q2 Stock Up 0.4 %

Shares of NYSE:QTWO traded up $0.19 during trading on Friday, reaching $50.00. 339,469 shares of the stock traded hands, compared to its average volume of 528,414. Q2 Holdings, Inc. has a 52-week low of $21.21 and a 52-week high of $53.96. The stock has a market cap of $2.95 billion, a P/E ratio of -44.25 and a beta of 1.49. The stock has a 50-day moving average of $48.69 and a two-hundred day moving average of $41.77. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.23 and a current ratio of 2.23.

Q2 (NYSE:QTWO - Get Free Report) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.04. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. The business had revenue of $162.12 million during the quarter, compared to analyst estimates of $161.31 million. As a group, sell-side analysts expect that Q2 Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

QTWO has been the subject of several research analyst reports. Truist Financial reaffirmed a "buy" rating and issued a $60.00 target price (up from $50.00) on shares of Q2 in a research report on Friday. Piper Sandler raised their price objective on shares of Q2 from $41.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. Stifel Nicolaus upped their target price on Q2 from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Needham & Company LLC raised their target price on Q2 from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Finally, TheStreet raised Q2 from a "d+" rating to a "c-" rating in a research note on Friday, December 29th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.33.

Q2 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.