Emerald Mutual Fund Advisers Trust Decreases Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Emerald Mutual Fund Advisers Trust decreased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 34.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 299,684 shares of the technology company's stock after selling 156,134 shares during the quarter. Q2 makes up 1.8% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 7th largest position. Emerald Mutual Fund Advisers Trust owned approximately 0.50% of Q2 worth $30,163,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new stake in shares of Q2 during the 4th quarter valued at $202,645,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after buying an additional 698,464 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Q2 by 732.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock valued at $75,025,000 after acquiring an additional 655,838 shares during the period. Franklin Resources Inc. grew its stake in Q2 by 893.5% during the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company's stock valued at $47,459,000 after acquiring an additional 424,062 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Q2 by 208.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 381,094 shares of the technology company's stock worth $38,357,000 after acquiring an additional 257,652 shares during the period.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jonathan Price sold 42,652 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the completion of the sale, the chief financial officer now directly owns 209,378 shares in the company, valued at $15,571,441.86. This trade represents a 16.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock worth $14,853,965 over the last 90 days. 3.00% of the stock is owned by company insiders.

Q2 Trading Up 1.7 %

NYSE:QTWO traded up $1.38 during midday trading on Friday, reaching $80.53. 628,440 shares of the stock traded hands, compared to its average volume of 641,414. The stock has a market capitalization of $5.02 billion, a P/E ratio of -123.89 and a beta of 1.47. Q2 Holdings, Inc. has a 12 month low of $55.97 and a 12 month high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $77.67 and a 200 day moving average of $90.07.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QTWO. Needham & Company LLC upped their price target on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Raymond James lifted their price target on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Truist Financial reaffirmed a "buy" rating and issued a $110.00 target price (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Royal Bank of Canada boosted their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, Compass Point reaffirmed a "neutral" rating and set a $60.00 price objective on shares of Q2 in a report on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Q2 presently has an average rating of "Moderate Buy" and an average target price of $100.60.

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.