Emerald Mutual Fund Advisers Trust Has $30.16 Million Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

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

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Q2 in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Q2 during the fourth quarter worth about $30,000. TCTC Holdings LLC purchased a new stake in shares of Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. purchased a new stake in Q2 in the fourth quarter worth about $32,000. Finally, NewEdge Advisors LLC increased 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 purchasing an additional 275 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QTWO. Truist Financial reaffirmed a "buy" rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Morgan Stanley lowered their price target on Q2 from $95.00 to $89.00 and set an "equal weight" rating on the stock in a report on Tuesday. Compass Point reaffirmed a "neutral" rating and set a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Stifel Nicolaus lowered their price target on Q2 from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Stephens reaffirmed an "overweight" rating and set a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Q2 has a consensus rating of "Moderate Buy" and an average price target of $100.60.

Q2 Stock Performance

Shares of QTWO traded up $0.12 during trading hours on Thursday, reaching $79.37. 455,323 shares of the company's stock traded hands, compared to its average volume of 647,694. Q2 Holdings, Inc. has a twelve month low of $54.04 and a twelve month high of $112.82. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of -122.10 and a beta of 1.61. The business's fifty day simple moving average is $77.89 and its two-hundred day simple moving average is $90.09. 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 released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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%. Analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 15,005 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the sale, the executive now owns 197,966 shares of the company's stock, valued at approximately $14,673,239.92. This trade represents a 7.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of Q2 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 directly owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % 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 worth $14,853,965 in the last three months. Insiders own 3.00% of the company's stock.

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.