Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,902 shares of the technology company's stock after selling 49,664 shares during the quarter. Tudor Investment Corp ET AL owned 0.11% of Q2 worth $6,935,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in QTWO. Barclays PLC increased its holdings in shares of Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company's stock valued at $13,012,000 after acquiring an additional 83,181 shares during the period. Tidal Investments LLC grew its stake in Q2 by 48.7% in the third quarter. Tidal Investments LLC now owns 10,646 shares of the technology company's stock valued at $849,000 after purchasing an additional 3,486 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Q2 by 17.5% during the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company's stock valued at $3,888,000 after buying an additional 7,053 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Q2 by 38.6% in the 3rd quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock valued at $14,095,000 after buying an additional 49,233 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Q2 by 61.8% in the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after buying an additional 42,433 shares during the last quarter.

Q2 Stock Performance

Shares of NYSE:QTWO traded down $0.05 during trading on Tuesday, hitting $80.35. 99,399 shares of the stock traded hands, compared to its average volume of 636,964. The company has a fifty day moving average price of $77.56 and a two-hundred day moving average price of $90.18. Q2 Holdings, Inc. has a 52-week low of $55.97 and a 52-week high of $112.82. The company has a market cap of $5.01 billion, a price-to-earnings ratio of -123.58 and a beta of 1.47. 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 (NYSE:QTWO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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, equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was 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 directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 113,278 shares in the company, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their position. 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. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

QTWO has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 price target (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. The Goldman Sachs Group dropped their price target on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Stephens reaffirmed an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their target price on shares of Q2 from $105.00 to $108.00 and gave the stock 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $100.60.

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.