Quantessence Capital LLC Makes New $943,000 Investment in Q2 Holdings, Inc. (NYSE:QTWO)

Quantessence Capital LLC acquired a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,365 shares of the technology company's stock, valued at approximately $943,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Q2 during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. bought a new position in Q2 during the 4th quarter valued at about $30,000. TCTC Holdings LLC purchased a new stake in shares of Q2 during the 4th quarter valued at about $30,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Q2 in the fourth quarter worth approximately $32,000. Finally, NewEdge Advisors LLC raised its holdings 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 during the last quarter.

Q2 Trading Up 0.1 %

QTWO stock traded up $0.06 during midday trading on Friday, reaching $79.04. 413,183 shares of the company traded hands, compared to its average volume of 652,863. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -121.60 and a beta of 1.61. 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 business has a 50 day moving average of $78.55 and a 200-day moving average of $90.19. Q2 Holdings, Inc. has a 52-week low of $50.91 and a 52-week high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last released 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 positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on QTWO shares. Stifel Nicolaus lifted their target price 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. Royal Bank of Canada upped 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. The Goldman Sachs Group dropped their target price on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research report 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. Finally, Citigroup raised their price objective on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.33.

Insider Transactions at Q2

In other news, CEO Matthew P. Flake sold 36,023 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 485,666 shares in the company, valued at approximately $39,023,263.10. The trade was a 6.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the transaction, 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 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 valued at $14,853,965. 3.00% of the stock is currently owned by company insiders.

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.