Versor Investments LP Sells 2,600 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Versor Investments LP reduced its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 35.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,800 shares of the technology company’s stock after selling 2,600 shares during the quarter. Versor Investments LP’s holdings in Q2 were worth $483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in Q2 during the 4th quarter valued at $29,000. Quarry LP lifted its stake in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares during the last quarter. Ameliora Wealth Management Ltd. bought a new stake in shares of Q2 during the 4th quarter worth about $32,000. International Assets Investment Management LLC grew its stake in Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after buying an additional 1,812 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares during the period.

Insider Activity at Q2

In other Q2 news, 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 value of $87,960.00. Following the sale, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the transaction, the president now owns 337,643 shares of the company’s stock, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,288 shares of company stock valued at $3,091,483. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QTWO. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Morgan Stanley boosted their price target on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a research report on Wednesday, December 18th. Piper Sandler boosted their target price on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Raymond James raised their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $105.27.

Q2 Trading Up 2.7 %

Shares of QTWO stock opened at $87.36 on Friday. Q2 Holdings, Inc. has a fifty-two week low of $44.74 and a fifty-two week high of $112.82. The stock’s fifty day moving average price is $94.99 and its two-hundred day moving average price is $89.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $5.31 billion, a PE ratio of -134.40 and a beta of 1.61.

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