Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 753,106 shares of the technology company's stock after selling 13,347 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.25% of Q2 worth $75,801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in QTWO. Proficio Capital Partners LLC purchased a new position in Q2 during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new stake in Q2 in the 4th quarter valued at approximately $30,000. TCTC Holdings LLC purchased a new position in Q2 during the fourth quarter worth $30,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Q2 in the fourth quarter valued at $32,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after acquiring an additional 275 shares during the last quarter.

Insider Transactions at Q2

In related news, CRO Michael A. Volanoski sold 15,005 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $1,112,170.60. Following the sale, the executive now owns 197,966 shares of the company's stock, valued at $14,673,239.92. This trade represents a 7.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of Q2 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 owns 485,666 shares in the company, valued at approximately $39,023,263.10. This represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on QTWO. The Goldman Sachs Group cut their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Raymond James raised their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on Q2 from $125.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Royal Bank of Canada lifted 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. Finally, Truist Financial reissued a "buy" rating and issued a $110.00 target price (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.60.

Q2 Stock Up 1.7 %

Q2 stock traded up $1.38 during midday trading on Friday, hitting $80.53. The stock had a trading volume of 628,440 shares, compared to its average volume of 639,121. The business has a fifty day moving average price of $77.67 and a 200 day moving average price of $90.19. Q2 Holdings, Inc. has a 12 month low of $55.97 and a 12 month high of $112.82. The stock has a market cap of $5.02 billion, a P/E ratio of -123.89 and a beta of 1.47. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

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

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.