Mount Yale Investment Advisors LLC Lowers Position in Q2 Holdings, Inc. (NYSE:QTWO)

Mount Yale Investment Advisors LLC trimmed its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,994 shares of the technology company’s stock after selling 499 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Q2 were worth $301,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of 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 period. CWM LLC increased its holdings in Q2 by 199.8% in the third quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after buying an additional 961 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after acquiring an additional 964 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Q2 in the 4th quarter worth approximately $203,000.

Q2 Stock Down 0.9 %

Shares of QTWO opened at $96.51 on Thursday. The firm has a market cap of $5.83 billion, a PE ratio of -100.53 and a beta of 1.61. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The company’s fifty day moving average is $101.43 and its two-hundred day moving average is $86.24. Q2 Holdings, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $112.82.

Insider Activity at Q2

In other news, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares of the company’s stock, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of research analyst reports. Needham & Company LLC raised their price target on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price objective on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Citigroup cut shares of Q2 from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. DA Davidson increased their price target on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price objective on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and a consensus price target of $98.07.

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.