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

Price T Rowe Associates Inc. MD lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 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 about 1.25% of Q2 worth $75,801,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Nordea Investment Management AB increased its position in Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after purchasing an additional 42,433 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Q2 in the 4th quarter worth $288,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after buying an additional 10,636 shares during the last quarter. Dakota Wealth Management raised its position in shares of Q2 by 189.8% during the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company's stock valued at $1,613,000 after buying an additional 10,498 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Q2 in the 4th quarter valued at about $18,271,000.

Insider Activity at Q2

In other Q2 news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the sale, the insider now owns 113,278 shares of the company's stock, 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 have sold a total of 193,858 shares of company stock valued at $14,853,965 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Q2 Stock Up 1.7 %

NYSE QTWO traded up $1.38 during trading on Friday, reaching $80.53. 628,440 shares of the company's stock traded hands, compared to its average volume of 639,121. The company's 50 day simple moving average is $77.67 and its two-hundred day simple moving average is $90.14. Q2 Holdings, Inc. has a 12-month low of $55.97 and a 12-month high of $112.82. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -123.89 and a beta of 1.47. 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 (NYSE:QTWO - Get Free Report) last issued 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%. As a group, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Q2 from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Compass Point reissued a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a research report on Monday, April 7th. The Goldman Sachs Group dropped their target price on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Robert W. Baird reissued a "neutral" rating and set a $99.00 price target (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Raymond James boosted their price objective on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.60.

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.