Vanguard Group Inc. Sells 78,092 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Vanguard Group Inc. lessened its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,963,712 shares of the technology company’s stock after selling 78,092 shares during the period. Vanguard Group Inc. owned about 11.53% of Q2 worth $700,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. William Blair Investment Management LLC bought a new position in Q2 in the 4th quarter valued at $202,645,000. State Street Corp boosted its stake in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after purchasing an additional 5,000 shares during the period. Geode Capital Management LLC grew its holdings in shares of Q2 by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock worth $107,963,000 after purchasing an additional 19,520 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock worth $51,036,000 after buying an additional 10,636 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in Q2 by 9.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 375,700 shares of the technology company’s stock valued at $37,814,000 after buying an additional 31,175 shares in the last quarter.

Insiders Place Their Bets

In other Q2 news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares in the company, valued at $35,527,299.72. The trade was a 11.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,835 shares of company stock valued at $11,959,517. 3.00% of the stock is owned by company insiders.

Q2 Stock Performance

QTWO opened at $80.71 on Monday. The company has a market cap of $4.90 billion, a P/E ratio of -124.16 and a beta of 1.62. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $86.84 and its 200-day moving average price is $90.79. 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 negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of research analyst reports. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Truist Financial reaffirmed a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research report on Wednesday, December 18th. Needham & Company LLC lifted their price objective on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Stephens reiterated an “overweight” rating and set a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Q2 has a consensus rating of “Moderate Buy” and a consensus target price of $105.47.

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.