Wasatch Advisors LP Has $212.98 Million Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Wasatch Advisors LP decreased its position in Q2 Holdings, Inc. (NYSE:QTWO) by 41.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,116,062 shares of the technology company’s stock after selling 1,495,788 shares during the period. Wasatch Advisors LP owned about 3.50% of Q2 worth $212,982,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC bought a new stake in shares of Q2 during the fourth quarter valued at approximately $202,645,000. Geode Capital Management LLC increased its holdings in Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after buying an additional 36,025 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock valued at $135,449,000 after buying an additional 698,464 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Q2 by 732.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock worth $75,025,000 after acquiring an additional 655,838 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Q2 by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock valued at $51,036,000 after acquiring an additional 10,636 shares in the last quarter.

Insider Buying and Selling at Q2

In other Q2 news, CEO Matthew P. Flake sold 36,023 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the sale, the chief executive officer now owns 485,666 shares in the company, valued at approximately $39,023,263.10. The trade was a 6.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,858 shares of company stock worth $14,853,965. Company insiders own 3.00% of the company’s stock.

Q2 Price Performance

QTWO opened at $76.82 on Wednesday. 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 company’s 50 day simple moving average is $81.21 and its 200-day simple moving average is $90.37. Q2 Holdings, Inc. has a one year low of $49.56 and a one year high of $112.82. The stock has a market capitalization of $4.66 billion, a P/E ratio of -118.18 and a beta of 1.61.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on QTWO shares. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Stephens reissued an “overweight” rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Stifel Nicolaus boosted their price target on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada increased their price objective on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Compass Point restated a “neutral” rating and issued a $60.00 target price on shares of Q2 in a research note on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.33.

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.