Moran Wealth Management LLC Raises Position in Q2 Holdings, Inc. (NYSE:QTWO)

Moran Wealth Management LLC increased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,115 shares of the technology company’s stock after buying an additional 215 shares during the quarter. Moran Wealth Management LLC’s holdings in Q2 were worth $817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in QTWO. SBI Securities Co. Ltd. acquired a new stake in Q2 in the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. purchased a new stake in Q2 during the 4th quarter worth approximately $32,000. Quarry LP grew its position in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Q2 during the 4th quarter worth approximately $179,000. Finally, Heck Capital Advisors LLC acquired a new position in Q2 during the 4th quarter valued at approximately $191,000.

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 5,123 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares in the company, valued at $35,527,299.72. This represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,350 shares of company stock worth $6,187,586. 3.00% of the stock is owned by corporate insiders.

Q2 Stock Performance

QTWO opened at $73.97 on Wednesday. The stock has a market cap of $4.49 billion, a P/E ratio of -113.80 and a beta of 1.62. 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 firm has a fifty day moving average price of $91.39 and a 200 day moving average price of $90.26. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82.

Q2 (NYSE:QTWO) last posted its earnings results 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Equities research analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QTWO has been the subject of several research reports. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Raymond James increased their price objective on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada upped their target price on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Stifel Nicolaus raised their price target on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and an average target price of $105.27.

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.