Victory Capital Management Inc. Decreases Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Victory Capital Management Inc. reduced its position in Q2 Holdings, Inc. (NYSE:QTWO) by 15.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 259,260 shares of the technology company’s stock after selling 47,174 shares during the period. Victory Capital Management Inc.’s holdings in Q2 were worth $26,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares during the last quarter. Geode Capital Management LLC boosted its position in Q2 by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after buying an additional 19,520 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Q2 by 139.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock valued at $48,558,000 after buying an additional 354,524 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $51,036,000 after buying an additional 10,636 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in Q2 by 9.0% in 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 during the last quarter.

Insider Buying and Selling at Q2

In related news, Director James Offerdahl sold 1,000 shares of the firm’s 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 transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares in the company, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,350 shares of company stock worth $6,187,586. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on QTWO shares. DA Davidson increased their price target on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. KeyCorp raised shares of 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. Stifel Nicolaus increased their price target on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Finally, Stephens reaffirmed an “overweight” rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Seven investment 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.com, Q2 presently has an average rating of “Moderate Buy” and a consensus price target of $105.27.

Q2 Price Performance

QTWO opened at $71.39 on Tuesday. The company’s 50-day moving average price is $91.93 and its 200 day moving average price is $90.26. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of -109.82 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.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS 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%. As a group, sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share 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.