Versor Investments LP Has $483,000 Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Versor Investments LP trimmed its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,800 shares of the technology company’s stock after selling 2,600 shares during the period. Versor Investments LP’s holdings in Q2 were worth $483,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after buying an additional 1,812 shares during the period. US Bancorp DE boosted its holdings in Q2 by 10.5% in the third quarter. US Bancorp DE now owns 29,632 shares of the technology company’s stock valued at $2,364,000 after acquiring an additional 2,816 shares during the last quarter. Pembroke Management LTD increased its position in Q2 by 77.3% during the 3rd quarter. Pembroke Management LTD now owns 214,638 shares of the technology company’s stock valued at $17,122,000 after purchasing an additional 93,582 shares during the period. Emerald Advisers LLC raised its holdings in Q2 by 2.6% during the 3rd quarter. Emerald Advisers LLC now owns 620,877 shares of the technology company’s stock worth $49,527,000 after purchasing an additional 15,581 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares during the period.

Insiders Place Their Bets

In other Q2 news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on 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 of the company’s stock, valued at $1,516,518.36. The trade was a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the completion of the sale, the president now owns 337,643 shares of the company’s stock, valued at approximately $35,931,968.06. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,288 shares of company stock valued at $3,091,483. Corporate insiders own 3.00% of the company’s stock.

Q2 Stock Performance

NYSE QTWO opened at $87.36 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $94.99 and a 200 day simple moving average of $89.75. Q2 Holdings, Inc. has a 12-month low of $44.74 and a 12-month high of $112.82. The company has a market cap of $5.31 billion, a P/E ratio of -134.40 and a beta of 1.61.

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

Analyst Ratings Changes

QTWO has been the subject of several recent analyst reports. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. The Goldman Sachs Group increased their price target on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Raymond James raised their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.27.

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.