Fox Run Management L.L.C. Invests $308,000 in Q2 Holdings, Inc. (NYSE:QTWO)

Fox Run Management L.L.C. purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,064 shares of the technology company’s stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors have also bought and sold shares of QTWO. KLP Kapitalforvaltning AS acquired a new stake in Q2 in the fourth quarter worth $1,228,000. Summit Global Investments acquired a new stake in Q2 during the 4th quarter worth $971,000. 1620 Investment Advisors Inc. bought a new position in Q2 during the fourth quarter worth about $137,000. Teacher Retirement System of Texas grew its stake in Q2 by 121.8% in the fourth quarter. Teacher Retirement System of Texas now owns 21,803 shares of the technology company’s stock valued at $2,194,000 after acquiring an additional 11,973 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Q2 by 343.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 13,563 shares of the technology company’s stock worth $1,365,000 after acquiring an additional 10,507 shares in the last quarter.

Q2 Price Performance

NYSE:QTWO opened at $82.83 on Friday. The company has a market cap of $5.03 billion, a P/E ratio of -127.43 and a beta of 1.62. The firm’s fifty day moving average price is $87.11 and its two-hundred day moving average price is $90.47. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Equities analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Transactions at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares in the company, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The transaction 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 Q2 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,835 shares of company stock worth $11,959,517. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Q2

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.