Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,251 shares of the technology company’s stock after selling 10,104 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.22% of Q2 worth $13,110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Conestoga Capital Advisors LLC lifted its position in shares of Q2 by 1.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock valued at $184,125,000 after buying an additional 34,300 shares in the last quarter. State Street Corp lifted its position in shares of Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Q2 by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after buying an additional 19,520 shares in the last quarter. Perpetual Ltd purchased a new position in shares of Q2 during the 3rd quarter valued at approximately $80,788,000. Finally, Emerald Advisers LLC lifted its position in shares of Q2 by 2.6% during the 3rd quarter. Emerald Advisers LLC now owns 620,877 shares of the technology company’s stock valued at $49,527,000 after buying an additional 15,581 shares in the last quarter.

Q2 Stock Down 2.8 %

Shares of NYSE:QTWO opened at $94.96 on Friday. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of -98.91 and a beta of 1.61. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $101.06 and a 200 day moving average price of $86.51. Q2 Holdings, Inc. has a 12-month low of $40.60 and a 12-month high of $112.82.

Analyst Ratings Changes

A number of research analysts have recently issued reports on QTWO shares. Stephens increased their target price on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC raised their price objective on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup lowered Q2 from a “buy” rating to a “neutral” rating and raised their price objective for the company from $72.00 to $90.00 in a report on Friday, October 18th. Royal Bank of Canada raised their price objective on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, Morgan Stanley raised their price objective on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.07.

Insider Buying and Selling at Q2

In other news, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $442,868.00. Following the completion of the transaction, the executive now owns 223,494 shares in the company, valued at approximately $23,690,364. This trade represents a 1.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now owns 337,643 shares of the company’s stock, valued at $35,931,968.06. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock valued at $3,061,035 in the last three months. 3.00% of the stock is owned by corporate insiders.

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.