Marco Investment Management LLC Sells 570 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Marco Investment Management LLC cut its position in Q2 Holdings, Inc. (NYSE:QTWO) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,020 shares of the technology company’s stock after selling 570 shares during the quarter. Marco Investment Management LLC’s holdings in Q2 were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Versor Investments LP acquired a new position in shares of Q2 during the 3rd quarter worth about $590,000. State Street Corp raised its stake in Q2 by 0.3% in the third 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 during the period. BNP Paribas Financial Markets raised its stake in Q2 by 32.2% in the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after buying an additional 7,475 shares during the period. Nordea Investment Management AB lifted its position in shares of Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after buying an additional 42,433 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Q2 during the 3rd quarter worth approximately $1,227,000.

Q2 Trading Down 2.0 %

Shares of Q2 stock opened at $75.76 on Friday. 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 12-month low of $46.50 and a 12-month high of $112.82. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of -116.55 and a beta of 1.61. The firm’s 50-day moving average price is $92.51 and its two-hundred day moving average price is $90.03.

Q2 (NYSE:QTWO) last posted its quarterly earnings results 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 positive return on equity of 0.85% and a negative net margin of 5.53%. On average, analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QTWO has been the topic of a number of research analyst reports. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a report on Wednesday, December 18th. Royal Bank of Canada lifted 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. Needham & Company LLC upped their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Raymond James upped their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.27.

Insider Activity

In other news, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $907,254.00. Following the sale, the president now directly owns 340,903 shares in the company, valued at approximately $36,135,718. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,288 shares of company stock worth $3,091,483. Insiders own 3.00% of the company’s stock.

Q2 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.