Q2 Holdings, Inc. (NYSE:QTWO) Stake Cut by Nicholas Company Inc.

Nicholas Company Inc. reduced its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,736 shares of the technology company’s stock after selling 30,684 shares during the period. Nicholas Company Inc. owned about 0.23% of Q2 worth $13,762,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Q2 in the 4th quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 during the 4th quarter valued at about $32,000. Quarry LP increased its holdings in shares of Q2 by 988.2% during 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. Arcadia Investment Management Corp MI acquired a new position in shares of Q2 during the 4th quarter valued at about $179,000. Finally, Truvestments Capital LLC acquired a new position in shares of Q2 during the 4th quarter valued at about $189,000.

Q2 Price Performance

Q2 stock opened at $75.89 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The business has a 50 day simple moving average of $89.81 and a 200 day simple moving average of $90.15.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 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, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction on 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 transaction, the chief executive officer now owns 453,849 shares of the company’s stock, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 157,835 shares of company stock worth $11,959,517 in the last 90 days. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on QTWO. Truist Financial reissued a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Raymond James increased their price objective on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a report on Wednesday, December 18th. Royal Bank of Canada raised their target price on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Finally, Stephens reaffirmed an “overweight” rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

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.