Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. cut its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 20.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,200 shares of the technology company’s stock after selling 300 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Q2 were worth $121,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QTWO. TCTC Holdings LLC acquired a new position in shares of Q2 in the fourth quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in Q2 during the 4th quarter valued at $30,000. Ameliora Wealth Management Ltd. acquired a new position in Q2 during the 4th quarter worth $32,000. Quarry LP grew its holdings in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Q2 in the 4th quarter worth about $179,000.

Q2 Stock Up 0.6 %

QTWO stock opened at $79.10 on Friday. The stock has a market cap of $4.80 billion, a PE ratio of -121.69 and a beta of 1.62. The firm’s 50-day simple moving average is $87.85 and its 200 day simple moving average is $90.30. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82. 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 predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on QTWO shares. 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. Raymond James increased their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Finally, Needham & Company LLC lifted their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and an average price target of $105.27.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 1,000 shares of the company’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 value of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,835 shares of company stock valued at $11,959,517 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

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.