Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in Q2 Holdings, Inc. (NYSE:QTWO – Get Rating) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,071 shares of the technology company’s stock after selling 9,534 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of Q2 worth $1,668,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Q2 by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,358,013 shares of the technology company’s stock worth $172,527,000 after acquiring an additional 80,534 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of Q2 by 7.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,183,542 shares of the technology company’s stock valued at $58,672,000 after buying an additional 160,083 shares in the last quarter. Fred Alger Management LLC grew its position in shares of Q2 by 0.5% in the 3rd quarter. Fred Alger Management LLC now owns 2,139,124 shares of the technology company’s stock valued at $68,880,000 after buying an additional 11,696 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Q2 by 6.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,466,609 shares of the technology company’s stock worth $47,225,000 after acquiring an additional 88,729 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Q2 by 1.2% in the third quarter. Macquarie Group Ltd. now owns 1,402,112 shares of the technology company’s stock valued at $45,173,000 after acquiring an additional 16,376 shares during the last quarter.

Q2 Price Performance

Shares of NYSE:QTWO opened at $27.69 on Monday. Q2 Holdings, Inc. has a 52 week low of $18.91 and a 52 week high of $55.29. The company has a 50-day moving average price of $23.80 and a 200 day moving average price of $27.34. The company has a market cap of $1.61 billion, a P/E ratio of -18.58 and a beta of 1.45. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.11.

Q2 (NYSE:QTWO – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The technology company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.10). The business had revenue of $146.54 million during the quarter, compared to analysts’ expectations of $149.17 million. Q2 had a negative net margin of 14.70% and a negative return on equity of 10.16%. Research analysts predict that Q2 Holdings, Inc. will post -0.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Matthew P. Flake sold 55,523 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $32.06, for a total value of $1,780,067.38. Following the completion of the sale, the chief executive officer now owns 504,769 shares in the company, valued at $16,182,894.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Matthew P. Flake sold 55,523 shares of Q2 stock in a transaction on Monday, March 6th. The stock was sold at an average price of $32.06, for a total transaction of $1,780,067.38. Following the completion of the transaction, the chief executive officer now directly owns 504,769 shares of the company’s stock, valued at $16,182,894.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kimberly Rutledge sold 8,711 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $32.06, for a total value of $279,274.66. Following the completion of the sale, the executive vice president now directly owns 99,955 shares in the company, valued at approximately $3,204,557.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,922 shares of company stock worth $4,415,636. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on QTWO shares. Needham & Company LLC dropped their price objective on Q2 from $38.00 to $32.00 in a report on Wednesday, May 10th. DA Davidson lifted their price target on Q2 from $30.00 to $33.00 in a research report on Thursday, May 11th. Canaccord Genuity Group downgraded Q2 from a “buy” rating to a “hold” rating and decreased their price objective for the company from $60.00 to $25.00 in a report on Wednesday, March 15th. Stifel Nicolaus cut their target price on shares of Q2 from $36.00 to $30.00 in a report on Wednesday, May 10th. Finally, StockNews.com initiated coverage on shares of Q2 in a research note on Thursday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.38.

Q2 Profile

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Q2 Holdings, Inc engages in the provision of digital banking and lending solutions. It offers its solutions to financial institutions, financial technology companies, alternative finance companies, and other innovative companies, wishing to incorporate banking into their customer engagement and servicing strategies.