Hillsdale Investment Management Inc. Sells 16,980 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Hillsdale Investment Management Inc. trimmed its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,236 shares of the technology company’s stock after selling 16,980 shares during the period. Hillsdale Investment Management Inc.’s holdings in Q2 were worth $6,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of QTWO. Proficio Capital Partners LLC bought a new stake in Q2 in the 4th quarter valued at $29,000. Quarry LP increased its holdings in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Q2 in the 4th quarter valued at $30,000. TCTC Holdings LLC bought a new stake in Q2 in the 4th quarter valued at $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Q2 in the 4th quarter valued at $32,000.

Insider Buying and Selling at Q2

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares of the company’s stock, valued at $35,527,299.72. The trade was a 11.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,835 shares of company stock valued at $11,959,517 in the last three months. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of research reports. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Stifel Nicolaus boosted their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Finally, Robert W. Baird restated a “neutral” rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.27.

Q2 Price Performance

QTWO stock opened at $79.10 on Friday. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82. 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 50-day moving average price of $87.85 and a 200 day moving average price of $90.18. The stock has a market cap of $4.80 billion, a PE ratio of -121.69 and a beta of 1.62.

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

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.