North Reef Capital Management LP Reduces Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

North Reef Capital Management LP reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 780,189 shares of the technology company's stock after selling 224,811 shares during the period. Q2 accounts for 3.5% of North Reef Capital Management LP's portfolio, making the stock its 12th largest position. North Reef Capital Management LP owned approximately 1.29% of Q2 worth $78,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of QTWO. William Blair Investment Management LLC bought a new position in shares of Q2 during the fourth quarter valued at approximately $202,645,000. Massachusetts Financial Services Co. MA increased its stake in shares of Q2 by 107.9% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Q2 by 732.2% during the fourth 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. increased its stake in shares of 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 purchasing an additional 424,062 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Q2 by 208.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 381,094 shares of the technology company's stock valued at $38,357,000 after purchasing an additional 257,652 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Baird R W downgraded shares of Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Stifel Nicolaus reduced their price target on shares of Q2 from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday. Robert W. Baird reissued a "neutral" rating and set a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Citigroup raised their price target on shares of Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Compass Point reissued a "neutral" rating and set a $60.00 price target on shares of Q2 in a research report on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $100.60.

Q2 Price Performance

NYSE QTWO traded down $1.31 on Wednesday, hitting $78.69. The company had a trading volume of 94,850 shares, compared to its average volume of 649,029. The company has a market capitalization of $4.90 billion, a PE ratio of -121.06 and a beta of 1.61. The company's fifty day moving average price is $78.07 and its 200-day moving average price is $90.17. 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 Holdings, Inc. has a 12-month low of $50.91 and a 12-month high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS 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%. As a group, analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Buying and Selling

In other Q2 news, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares in the company, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 sale, the director now 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by corporate insiders.

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.