Keybank National Association OH Sells 2,073 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Keybank National Association OH lessened its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 16.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,485 shares of the technology company’s stock after selling 2,073 shares during the quarter. Keybank National Association OH’s holdings in Q2 were worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Highland Capital Management LLC raised 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 valued at $279,000 after acquiring an additional 172 shares in the last quarter. Parallax Volatility Advisers L.P. raised its holdings in shares of Q2 by 5.5% during the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock valued at $443,000 after acquiring an additional 288 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Q2 in the fourth quarter worth $30,000. Ameliora Wealth Management Ltd. bought a new position in Q2 in the fourth quarter worth $32,000. Finally, Quarry LP raised its holdings in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares in the last quarter.

Wall Street Analyst Weigh In

QTWO has been the subject of a number of research reports. Truist Financial reiterated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Stephens reiterated an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Royal Bank of Canada increased their price objective on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus increased their price objective on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Q2 presently has an average rating of “Moderate Buy” and a consensus target price of $105.27.

Q2 Trading Down 2.0 %

Q2 stock opened at $75.76 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. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The stock has a market capitalization of $4.60 billion, a PE ratio of -116.55 and a beta of 1.61. The business’s fifty day moving average is $92.51 and its 200 day moving average is $90.03.

Q2 (NYSE:QTWO) last released its quarterly earnings data 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 negative net margin of 5.53% and a positive return on equity of 0.85%. On average, sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insiders Place Their Bets

In related news, President Kirk L. Coleman sold 8,559 shares of Q2 stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $907,254.00. Following the sale, the president now owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now owns 17,241 shares of the company’s stock, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,288 shares of company stock valued at $3,091,483. 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.