29,390 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,390 shares of the technology company’s stock, valued at approximately $29,000.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Q2 in the fourth quarter valued at $30,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 during the 4th quarter worth about $32,000. Quarry LP increased its holdings in shares of Q2 by 988.2% in 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 stake in shares of Q2 during the 4th quarter worth about $179,000. Finally, Heck Capital Advisors LLC acquired a new position in Q2 in the fourth quarter valued at approximately $191,000.

Q2 Trading Down 2.4 %

Q2 stock opened at $80.71 on Friday. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82. The stock has a market cap of $4.90 billion, a PE ratio of -124.16 and a beta of 1.62. The stock has a 50-day moving average price of $86.84 and a 200 day moving average price of $90.52. The company has a current ratio of 1.40, a quick 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities research analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Citigroup boosted their price objective on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Stephens restated an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price target on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Truist Financial restated 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. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and an average price target of $105.47.

Insider Buying and Selling

In other news, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the sale, the chief executive officer now owns 453,849 shares in the company, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,835 shares of company stock worth $11,959,517. 3.00% of the stock is owned by company insiders.

Q2 Company 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.