B. Metzler seel. Sohn & Co. AG Has $1.66 Million Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,499 shares of the technology company’s stock after selling 15,584 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Q2 were worth $1,661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of QTWO. William Blair Investment Management LLC bought a new position in Q2 in the fourth quarter valued at approximately $202,645,000. State Street Corp boosted its position in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Q2 by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock worth $107,963,000 after purchasing an additional 19,520 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Q2 by 732.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock valued at $75,025,000 after purchasing an additional 655,838 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Q2 by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock valued at $51,036,000 after buying an additional 10,636 shares during the period.

Insider Buying and Selling

In other news, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at $1,516,518.36. The trade was a 5.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew P. Flake sold 36,023 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the sale, the chief executive officer now owns 485,666 shares of the company’s stock, valued at $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 193,858 shares of company stock worth $14,853,965. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial reaffirmed a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Royal Bank of Canada upped their target price on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Raymond James raised their price objective on Q2 from $100.00 to $110.00 and gave the stock an “outperform” 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. Based on data from MarketBeat, Q2 currently has an average rating of “Moderate Buy” and a consensus target price of $105.47.

Q2 Trading Up 1.0 %

NYSE:QTWO opened at $82.25 on Thursday. The company has a market cap of $4.99 billion, a P/E ratio of -126.54 and a beta of 1.62. Q2 Holdings, Inc. has a twelve month low of $49.56 and a twelve month high of $112.82. The business has a 50 day moving average price of $86.05 and a two-hundred day moving average price of $90.84. 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 (NYSE:QTWO) last announced 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%. As a group, analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

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.