Transce3nd LLC Makes New Investment in Q2 Holdings, Inc. (NYSE:QTWO)

Transce3nd LLC purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 976 shares of the technology company’s stock, valued at approximately $98,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in shares of Q2 in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Q2 in the fourth quarter valued at $30,000. TCTC Holdings LLC bought a new stake in shares of Q2 in the 4th quarter worth about $30,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 during the 4th quarter worth about $32,000. Finally, NewEdge Advisors LLC grew its holdings in Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after purchasing an additional 275 shares during the last quarter.

Q2 Stock Down 3.6 %

Q2 stock opened at $72.28 on Tuesday. The firm has a 50 day moving average price of $79.72 and a 200 day moving average price of $90.33. Q2 Holdings, Inc. has a fifty-two week low of $50.04 and a fifty-two week high of $112.82. 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 capitalization of $4.39 billion, a PE ratio of -111.20 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insiders Place Their Bets

In other Q2 news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares of the company’s stock, valued at $8,396,165.36. The trade was a 5.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was 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 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. Over the last quarter, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Raymond James upped their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Truist Financial reissued a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Robert W. Baird restated a “neutral” rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Compass Point reaffirmed a “neutral” rating and set a $60.00 price target 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.33.

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.