Gotham Asset Management LLC Acquires 5,428 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Gotham Asset Management LLC boosted its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,277 shares of the technology company’s stock after acquiring an additional 5,428 shares during the period. Gotham Asset Management LLC owned 0.07% of Q2 worth $3,953,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in QTWO. William Blair Investment Management LLC bought a new stake in shares of Q2 during the 4th quarter valued at about $202,645,000. Massachusetts Financial Services Co. MA lifted its holdings in Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after buying an additional 698,464 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Q2 by 732.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock valued at $75,025,000 after purchasing an additional 655,838 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Q2 by 105.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock valued at $101,937,000 after purchasing an additional 520,649 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Q2 by 893.5% during the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock valued at $47,459,000 after purchasing an additional 424,062 shares in the last quarter.

Q2 Trading Down 1.3%

Q2 stock opened at $91.52 on Thursday. Q2 Holdings, Inc. has a one year low of $55.97 and a one year high of $112.82. The business’s fifty day moving average is $78.17 and its 200 day moving average is $90.31. The stock has a market capitalization of $5.70 billion, a PE ratio of -140.80 and a beta of 1.47. 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 earnings per share (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%. On average, sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price objective on Q2 from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Needham & Company LLC decreased their price target on shares of Q2 from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada lowered their price target on shares of Q2 from $108.00 to $101.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. Citigroup upped their price objective on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a report on Friday, March 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.80.

Insider Activity at Q2

In other 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 transaction of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares of the company’s stock, valued at $8,396,165.36. This represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 in the company, 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. Insiders have sold a total of 193,858 shares of company stock worth $14,853,965 over the last quarter. Company insiders own 0.31% of the company’s stock.

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.