Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE trimmed its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 11.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 235,450 shares of the technology company’s stock after selling 30,140 shares during the quarter. Axiom Investors LLC DE owned approximately 0.39% of Q2 worth $23,698,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in QTWO. Highland Capital Management LLC grew its holdings in shares of Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after buying an additional 172 shares in the last quarter. Arizona State Retirement System raised its holdings in Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after acquiring an additional 190 shares during the last quarter. Moran Wealth Management LLC lifted its stake in Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock worth $817,000 after purchasing an additional 215 shares in the last quarter. Parallax Volatility Advisers L.P. boosted its holdings in shares of Q2 by 5.5% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after purchasing an additional 288 shares during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in shares of Q2 in the fourth quarter valued at approximately $30,000.

Q2 Trading Down 2.4 %

Shares of QTWO stock opened at $80.71 on Monday. The firm’s 50 day moving average price is $86.84 and its two-hundred day moving average price is $90.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -124.16 and a beta of 1.62.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on QTWO shares. Citigroup lifted their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday. Finally, 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 research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.47.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 15,005 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the completion of the transaction, the executive now owns 197,966 shares in the company, valued at $14,673,239.92. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, February 24th. The stock was 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 in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,835 shares of company stock worth $11,959,517. Insiders own 3.00% of the company’s stock.

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.