Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,948 shares of the technology company’s stock after selling 4,287 shares during the period. Motley Fool Wealth Management LLC’s holdings in Q2 were worth $13,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in QTWO. Proficio Capital Partners LLC purchased a new position in Q2 during the 4th quarter worth approximately $29,000. Quarry LP grew its position in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Q2 in the 4th quarter valued at $30,000. TCTC Holdings LLC purchased a new stake in Q2 in the 4th quarter valued at $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Q2 in the fourth quarter valued at about $32,000.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of the business’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 completion of the sale, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 113,278 shares of the company’s stock, valued at $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 ninety days, insiders sold 157,835 shares of company stock worth $11,959,517. 3.00% of the stock is currently owned by insiders.

Q2 Stock Performance

NYSE:QTWO opened at $84.32 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $5.12 billion, a P/E ratio of -129.72 and a beta of 1.62. The firm has a 50-day moving average price of $87.53 and a two-hundred day moving average price of $90.58. Q2 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82.

Q2 (NYSE:QTWO) last issued its quarterly earnings data 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%. As a group, research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on QTWO shares. Raymond James boosted their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Stifel Nicolaus raised their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating 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 report on Friday, January 10th. Needham & Company LLC increased their price target on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.27.

About Q2

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.