Pier Capital LLC Has $9.33 Million Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Pier Capital LLC decreased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 23.7% during the 4th quarter, Holdings Channel reports. The firm owned 92,734 shares of the technology company’s stock after selling 28,838 shares during the quarter. Q2 comprises 1.3% of Pier Capital LLC’s holdings, making the stock its 23rd largest position. Pier Capital LLC’s holdings in Q2 were worth $9,334,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in shares of Q2 by 4.5% during the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock worth $1,391,000 after buying an additional 744 shares in the last quarter. Swiss National Bank boosted its stake in Q2 by 1.0% during the third quarter. Swiss National Bank now owns 117,400 shares of the technology company’s stock worth $9,365,000 after acquiring an additional 1,200 shares in the last quarter. Pathstone Holdings LLC increased its stake in Q2 by 7.0% in the third quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company’s stock valued at $2,488,000 after purchasing an additional 2,035 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Q2 during the third quarter valued at about $1,227,000. Finally, Penserra Capital Management LLC boosted its position in shares of Q2 by 1.2% during the 3rd quarter. Penserra Capital Management LLC now owns 73,459 shares of the technology company’s stock worth $5,859,000 after purchasing an additional 876 shares in the last quarter.

Insiders Place Their Bets

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 value of $87,960.00. Following the sale, the director now directly owns 17,241 shares of the company’s stock, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the transaction, the insider now directly owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 157,835 shares of company stock worth $11,959,517 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Q2 Price Performance

Shares of NYSE QTWO opened at $82.89 on Tuesday. 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 company has a market capitalization of $5.03 billion, a PE ratio of -127.52 and a beta of 1.62. The stock’s 50 day moving average price is $87.69 and its 200-day moving average price is $90.49. Q2 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82.

Q2 (NYSE:QTWO) last announced its quarterly earnings data 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 positive return on equity of 0.85% and a negative net margin of 5.53%. On average, equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on QTWO. 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 note on Wednesday, December 18th. 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. Citigroup lifted their price target on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Raymond James upped their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.27.

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.