Motley Fool Asset Management LLC Sells 15,150 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Motley Fool Asset Management LLC lessened its position in Q2 Holdings, Inc. (NYSE:QTWO) by 16.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 79,271 shares of the technology company’s stock after selling 15,150 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Q2 were worth $3,441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System increased its holdings in Q2 by 2.2% in the 3rd quarter. Arizona State Retirement System now owns 16,570 shares of the technology company’s stock worth $535,000 after purchasing an additional 352 shares in the last quarter. Diversified Trust Co increased its holdings in Q2 by 2.7% in the 4th quarter. Diversified Trust Co now owns 13,670 shares of the technology company’s stock worth $593,000 after purchasing an additional 363 shares in the last quarter. MCF Advisors LLC increased its holdings in Q2 by 156.5% in the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after purchasing an additional 374 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of Q2 by 4.5% in the third quarter. Glenmede Trust Co. NA now owns 9,502 shares of the technology company’s stock valued at $307,000 after buying an additional 405 shares during the period. Finally, Natixis Advisors L.P. increased its stake in shares of Q2 by 4.9% in the third quarter. Natixis Advisors L.P. now owns 15,929 shares of the technology company’s stock valued at $514,000 after buying an additional 748 shares during the period.

Q2 Stock Down 1.7 %

NYSE:QTWO traded down $0.89 on Thursday, hitting $52.89. The stock had a trading volume of 321,336 shares, compared to its average volume of 612,360. The business’s fifty day moving average is $49.47 and its 200 day moving average is $42.22. The company has a market cap of $3.12 billion, a PE ratio of -46.81 and a beta of 1.49. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.09. Q2 Holdings, Inc. has a 52 week low of $21.21 and a 52 week high of $54.50.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The business had revenue of $162.12 million for the quarter, compared to analyst estimates of $161.31 million. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. On average, equities research analysts expect that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

QTWO has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. TheStreet raised Q2 from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Canaccord Genuity Group increased their price target on Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. The Goldman Sachs Group increased their price target on Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Needham & Company LLC upped their target price on Q2 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.20.

Insider Activity

In other news, CRO Michael A. Volanoski sold 2,369 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total value of $118,686.90. Following the transaction, the executive now owns 174,024 shares in the company, valued at $8,718,602.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CRO Michael A. Volanoski sold 2,369 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total value of $118,686.90. Following the transaction, the executive now owns 174,024 shares in the company, valued at $8,718,602.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 46,937 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $42.20, for a total value of $1,980,741.40. Following the completion of the transaction, the chief executive officer now owns 473,411 shares in the company, valued at approximately $19,977,944.20. The disclosure for this sale can be found here. Insiders have sold 337,639 shares of company stock worth $14,994,784 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

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.