Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Q2 Holdings, Inc. (NYSE:QTWO) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,389,181 shares of the technology company’s stock after purchasing an additional 36,025 shares during the period. Geode Capital Management LLC’s holdings in Q2 were worth $140,175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QTWO. State Street Corp lifted its stake in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Nordea Investment Management AB lifted its position in Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock worth $11,208,000 after acquiring an additional 42,433 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Q2 in the 4th quarter worth approximately $288,000. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $51,036,000 after acquiring an additional 10,636 shares during the period. Finally, Dakota Wealth Management grew its position in Q2 by 189.8% in the fourth quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock valued at $1,613,000 after acquiring an additional 10,498 shares in the last quarter.

Q2 Price Performance

Shares of NYSE:QTWO opened at $68.94 on Tuesday. The company has a market cap of $4.19 billion, a PE ratio of -106.05 and a beta of 1.61. Q2 Holdings, Inc. has a fifty-two week low of $49.56 and a fifty-two week high of $112.82. The firm has a 50-day simple moving average of $84.71 and a 200 day simple moving average of $90.83. 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 posted its 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%. On average, sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on QTWO. Raymond James upped their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a report on Wednesday, December 18th. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Stifel Nicolaus upped their target price on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.33.

Insiders Place Their Bets

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated 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 owns 17,241 shares of the company’s stock, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was 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 approximately $35,527,299.72. This trade represents a 11.12 % 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 three months. Company 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.