Q2 Holdings, Inc. (NYSE:QTWO) Holdings Lifted by Harvest Investment Services LLC

Harvest Investment Services LLC boosted its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 318.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,607 shares of the technology company's stock after buying an additional 14,163 shares during the period. Harvest Investment Services LLC's holdings in Q2 were worth $1,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in Q2 by 7.1% in the fourth quarter. Hsbc Holdings PLC now owns 9,216 shares of the technology company's stock valued at $929,000 after purchasing an additional 614 shares during the period. Transce3nd LLC acquired a new position in shares of Q2 in the 4th quarter valued at $98,000. MetLife Investment Management LLC grew its stake in shares of Q2 by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 35,433 shares of the technology company's stock valued at $3,566,000 after buying an additional 2,030 shares during the period. Capital Research Global Investors increased its holdings in shares of Q2 by 11.2% during the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock worth $152,825,000 after buying an additional 152,872 shares during the last quarter. Finally, Curi RMB Capital LLC raised its position in shares of Q2 by 150.5% in the 4th quarter. Curi RMB Capital LLC now owns 78,656 shares of the technology company's stock worth $7,917,000 after buying an additional 47,261 shares during the period.

Q2 Stock Performance

Q2 stock traded up $0.06 during mid-day trading on Friday, reaching $79.04. The company's stock had a trading volume of 413,183 shares, compared to its average volume of 652,863. 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 Holdings, Inc. has a twelve month low of $50.91 and a twelve month high of $112.82. The business has a 50 day moving average price of $78.55 and a 200-day moving average price of $90.19. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of -121.60 and a beta of 1.61.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

QTWO has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price target on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Stephens reaffirmed an "overweight" rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Stifel Nicolaus increased their price objective on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Robert W. Baird reaffirmed a "neutral" rating and set a $99.00 price target (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Finally, Royal Bank of Canada raised their price objective on Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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 shares were sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the sale, the chief financial officer now directly owns 209,378 shares in the company, valued at $15,571,441.86. The trade was a 16.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares of the company's stock, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,858 shares of company stock valued at $14,853,965. 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.