Northern Trust Corp Increases Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Northern Trust Corp boosted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 611,358 shares of the technology company’s stock after buying an additional 38,931 shares during the period. Northern Trust Corp’s holdings in Q2 were worth $61,533,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in shares of Q2 during the fourth quarter valued at approximately $102,000. Oberweis Asset Management Inc. grew its position in Q2 by 17.0% in the 4th quarter. Oberweis Asset Management Inc. now owns 116,500 shares of the technology company’s stock valued at $11,726,000 after acquiring an additional 16,910 shares during the last quarter. Quantessence Capital LLC purchased a new stake in Q2 in the fourth quarter worth $943,000. Harvest Investment Services LLC lifted its position in shares of Q2 by 318.7% during the fourth quarter. Harvest Investment Services LLC now owns 18,607 shares of the technology company’s stock worth $1,873,000 after purchasing an additional 14,163 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Q2 by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 9,216 shares of the technology company’s stock valued at $929,000 after purchasing an additional 614 shares during the period.

Insiders Place Their Bets

In other news, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This represents a 11.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 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 completion of the transaction, the insider now 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. In the last 90 days, insiders have sold 193,858 shares of company stock worth $14,853,965. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on QTWO. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Needham & Company LLC boosted their price target on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Robert W. Baird restated a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Truist Financial reiterated a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised their price target on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $100.60.

Q2 Stock Performance

Shares of QTWO stock opened at $79.47 on Wednesday. The business has a fifty day moving average of $77.44 and a 200 day moving average of $90.11. Q2 Holdings, Inc. has a 1 year low of $55.97 and a 1 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. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of -122.26 and a beta of 1.47.

Q2 (NYSE:QTWO) last released 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 negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

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.