Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Amundi

Amundi reduced its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,273 shares of the technology company’s stock after selling 2,248 shares during the period. Amundi’s holdings in Q2 were worth $3,122,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of QTWO. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 in the fourth quarter worth approximately $30,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Q2 in the fourth quarter worth approximately $32,000. Quarry LP boosted its position in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Q2 in the fourth quarter worth approximately $179,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Q2 in the fourth quarter worth approximately $191,000.

Q2 Trading Up 3.9 %

NYSE QTWO opened at $75.89 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $89.81 and its 200-day simple moving average is $90.27. The stock has a market cap of $4.61 billion, a P/E ratio of -116.76 and a beta of 1.62. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities research analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 15,005 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the completion of the sale, the executive now owns 197,966 shares in the company, valued at $14,673,239.92. The trade was a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following 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. Over the last quarter, insiders sold 157,835 shares of company stock worth $11,959,517. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QTWO. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a research report on Wednesday, December 18th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Raymond James lifted their price target on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Truist Financial reaffirmed a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.27.

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.