Emerald Mutual Fund Advisers Trust Has $36.36 Million Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Emerald Mutual Fund Advisers Trust decreased its position in Q2 Holdings, Inc. (NYSE:QTWO) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 455,818 shares of the technology company’s stock after selling 38,674 shares during the period. Q2 makes up approximately 1.9% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 6th biggest position. Emerald Mutual Fund Advisers Trust owned 0.76% of Q2 worth $36,361,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in shares of Q2 by 45.2% in the 1st quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock worth $3,456,000 after acquiring an additional 20,195 shares during the period. Jennison Associates LLC lifted its stake in shares of Q2 by 14.6% in the 1st quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after acquiring an additional 235,582 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Q2 by 67.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock valued at $2,908,000 after purchasing an additional 22,400 shares during the last quarter. Perpetual Ltd bought a new stake in Q2 during the third quarter worth approximately $80,788,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Q2 in the first quarter worth approximately $1,055,000.

Insider Activity

In other news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the transaction, the executive now owns 227,672 shares of the company’s stock, valued at $16,376,446.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the transaction, the general counsel now owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the transaction, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,963 shares of company stock valued at $3,109,699 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

QTWO has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed an “underperform” rating on shares of Q2 in a research report on Friday, October 18th. Compass Point initiated coverage on Q2 in a research note on Wednesday, September 4th. They issued a “buy” rating and a $91.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Q2 in a research note on Friday, October 18th. DA Davidson restated a “neutral” rating and set a $76.00 price target on shares of Q2 in a report on Monday, September 30th. Finally, BTIG Research raised their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.64.

Q2 Trading Up 0.5 %

NYSE:QTWO opened at $85.09 on Friday. Q2 Holdings, Inc. has a 12 month low of $30.89 and a 12 month high of $86.25. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of -73.35 and a beta of 1.58. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $78.47 and its 200-day moving average is $68.07.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. The firm had revenue of $172.89 million during the quarter, compared to the consensus estimate of $170.67 million. Equities analysts anticipate that Q2 Holdings, Inc. will post -0.02 EPS for the current year.

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.