Ensign Peak Advisors Inc Purchases 1,845 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Ensign Peak Advisors Inc increased its position in Q2 Holdings, Inc. (NYSE:QTWO) by 6.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,213 shares of the technology company’s stock after buying an additional 1,845 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Q2 were worth $3,142,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Q2 during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in shares of Q2 during the 4th quarter valued at about $30,000. TCTC Holdings LLC bought a new position in shares of Q2 during the 4th quarter valued at about $30,000. Ameliora Wealth Management Ltd. bought a new position in shares of Q2 during the 4th quarter valued at about $32,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of 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 Performance

Q2 stock opened at $91.52 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a 1-year low of $55.97 and a 1-year high of $112.82. The firm has a market capitalization of $5.70 billion, a P/E ratio of -140.80 and a beta of 1.47. The company’s 50-day moving average is $78.17 and its 200 day moving average is $90.31.

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

Insider Transactions at Q2

In other news, CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 485,666 shares in the company, valued at approximately $39,023,263.10. This trade represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the 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 owns 113,278 shares in the company, valued at approximately $8,396,165.36. This represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,858 shares of company stock valued at $14,853,965. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on QTWO. The Goldman Sachs Group lowered their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a report on Friday, March 28th. Morgan Stanley increased their price target on shares of Q2 from $89.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. Stephens reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Royal Bank of Canada lowered their price target on shares of Q2 from $108.00 to $101.00 and set a “sector perform” rating for the company in a report on Thursday, May 8th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.