Tudor Investment Corp ET AL Trims Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Tudor Investment Corp ET AL decreased its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 41.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in Q2 during the fourth quarter valued at approximately $102,000. Oberweis Asset Management Inc. lifted its position in Q2 by 17.0% in the fourth quarter. Oberweis Asset Management Inc. now owns 116,500 shares of the technology company's stock worth $11,726,000 after buying an additional 16,910 shares during the last quarter. Quantessence Capital LLC purchased a new position in Q2 during the fourth quarter worth $943,000. Harvest Investment Services LLC increased its position in Q2 by 318.7% during the fourth quarter. Harvest Investment Services LLC now owns 18,607 shares of the technology company's stock valued at $1,873,000 after acquiring an additional 14,163 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of 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 acquiring an additional 614 shares during the period.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 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 sale, the insider now owns 113,278 shares of the company's stock, valued at approximately $8,396,165.36. The trade was a 5.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock valued at $14,853,965 in the last ninety days. Corporate insiders own 3.00% of the company's stock.

Q2 Stock Up 0.6 %

Shares of QTWO stock traded up $0.48 during mid-day trading on Monday, hitting $80.98. 317,447 shares of the stock traded hands, compared to its average volume of 637,920. The stock's fifty day moving average is $77.67 and its two-hundred day moving average is $90.19. 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 52-week low of $55.97 and a 52-week high of $112.82. The stock has a market cap of $5.05 billion, a P/E ratio of -124.67 and a beta of 1.47.

Q2 (NYSE:QTWO - Get Free Report) last announced 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%. Equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. The Goldman Sachs Group decreased 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. Baird R W downgraded Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Robert W. Baird reissued a "neutral" rating and set a $99.00 target price (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Morgan Stanley reduced their price target on shares of Q2 from $95.00 to $89.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.60.

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.