Q2 Holdings, Inc. (NYSE:QTWO) Position Lowered by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 746,006 shares of the technology company’s stock after selling 72,092 shares during the period. Nuveen Asset Management LLC’s holdings in Q2 were worth $75,086,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. TCTC Holdings LLC bought a new position in shares of Q2 during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. bought a new position in shares of Q2 during the fourth quarter worth about $32,000. NewEdge Advisors LLC lifted its position in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after purchasing an additional 275 shares during the last quarter. Finally, Transce3nd LLC bought a new position in shares of Q2 during the fourth quarter worth about $98,000.

Insider Buying and Selling at Q2

In related news, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 194,255 shares of company stock worth $14,890,846. 0.31% of the stock is owned by company insiders.

Q2 Price Performance

Shares of NYSE:QTWO opened at $91.00 on Friday. The firm’s 50 day moving average is $79.20 and its two-hundred day moving average is $90.44. Q2 Holdings, Inc. has a 52 week low of $55.97 and a 52 week high of $112.82. The firm has a market capitalization of $5.67 billion, a P/E ratio of -139.99 and a beta of 1.47. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last announced its quarterly 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%. Analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on QTWO shares. Raymond James reduced their price target on shares of Q2 from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. Morgan Stanley raised their target price on shares of Q2 from $89.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, May 8th. Stephens reissued an “overweight” rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Citigroup raised their target price 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, Stifel Nicolaus raised their target price on shares of Q2 from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and a consensus price target of $98.80.

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.