Rockefeller Capital Management L.P. Buys 257,652 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Rockefeller Capital Management L.P. increased its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 208.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,094 shares of the technology company's stock after purchasing an additional 257,652 shares during the period. Rockefeller Capital Management L.P. owned 0.63% of Q2 worth $38,357,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new stake in Q2 in the fourth quarter worth $202,645,000. Massachusetts Financial Services Co. MA grew its position in Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after purchasing an additional 698,464 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Q2 by 732.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock valued at $75,025,000 after purchasing an additional 655,838 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Q2 by 893.5% in the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company's stock worth $47,459,000 after buying an additional 424,062 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Q2 during the fourth quarter valued at approximately $21,643,000.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Robert W. Baird reissued a "neutral" rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Compass Point restated a "neutral" rating and set a $60.00 price objective on shares of Q2 in a research report on Monday, April 7th. Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their price target on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, Citigroup increased their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.33.

Insider Buying and Selling

In related news, CFO Jonathan Price sold 42,652 shares of Q2 stock in a transaction dated 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 transaction, the chief financial officer now owns 209,378 shares in the company, valued at approximately $15,571,441.86. This trade represents a 16.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 36,023 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the sale, the chief executive officer now owns 485,666 shares in the company, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,858 shares of company stock worth $14,853,965. Corporate insiders own 3.00% of the company's stock.

Q2 Price Performance

QTWO stock traded up $0.07 during midday trading on Friday, hitting $74.97. The company's stock had a trading volume of 381,570 shares, compared to its average volume of 650,262. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -115.34 and a beta of 1.61. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 12 month low of $49.56 and a 12 month high of $112.82. The company has a 50 day moving average of $80.45 and a two-hundred day moving average of $90.23.

Q2 (NYSE:QTWO - Get Free Report) last posted its earnings results 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 negative net margin of 5.53% and a positive return on equity of 0.85%. On average, analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

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.