Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 33.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,452 shares of the technology company’s stock after selling 21,477 shares during the period. Alberta Investment Management Corp’s holdings in Q2 were worth $4,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Highland Capital Management LLC lifted its holdings in shares of Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after buying an additional 172 shares during the period. Parallax Volatility Advisers L.P. raised its position in Q2 by 5.5% in the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after acquiring an additional 288 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Q2 in the 4th quarter valued at about $32,000. Quarry LP boosted its position in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Q2 by 0.4% in the 4th quarter. Rhumbline Advisers now owns 81,652 shares of the technology company’s stock worth $8,218,000 after purchasing an additional 355 shares during the last quarter.

Q2 Price Performance

NYSE QTWO opened at $90.74 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $5.51 billion, a PE ratio of -139.59 and a beta of 1.61. Q2 Holdings, Inc. has a 12-month low of $41.23 and a 12-month high of $112.82. The company has a 50 day moving average price of $97.14 and a two-hundred day moving average price of $88.95.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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, equities analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity at Q2

In other news, President Kirk L. Coleman sold 10,428 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares of the company’s stock, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.12, for a total value of $543,652.76. Following the transaction, the executive now directly owns 218,371 shares of the company’s stock, valued at $23,173,530.52. This represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,288 shares of company stock worth $3,003,523. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

QTWO has been the subject of several recent research reports. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research note on Wednesday, December 18th. Citigroup raised their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Truist Financial restated 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. Raymond James upped their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Compass Point lifted their price target on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.13.

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.