Q2 Holdings, Inc. (NYSE:QTWO) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 25.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,820 shares of the technology company’s stock after acquiring an additional 1,789 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Q2 were worth $888,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. TCTC Holdings LLC acquired a new position in shares of Q2 during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new stake in Q2 during the fourth quarter worth approximately $30,000. Ameliora Wealth Management Ltd. acquired a new position in Q2 in the fourth quarter valued at approximately $32,000. Quarry LP increased its stake in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Q2 during the fourth quarter worth approximately $137,000.

Analysts Set New Price Targets

A number of research analysts recently commented on QTWO shares. Robert W. Baird reaffirmed 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. KeyCorp upgraded 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. The Goldman Sachs Group decreased their target price on Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Needham & Company LLC lifted their price target on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Stephens reissued an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.47.

Insider Buying and Selling

In other news, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the transaction, the chief executive officer now directly owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This represents a 11.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares of the company’s stock, valued at $8,396,165.36. This trade represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock valued at $14,853,965 over the last quarter. Company insiders own 3.00% of the company’s stock.

Q2 Stock Down 6.8 %

QTWO stock opened at $70.42 on Monday. The stock has a market capitalization of $4.28 billion, a PE ratio of -108.33 and a beta of 1.62. The company has a fifty day moving average of $85.20 and a 200-day moving average of $90.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 Holdings, Inc. has a one year low of $49.56 and a one year high of $112.82.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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, analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Q2 Company 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.