Twin Tree Management LP Purchases New Shares in Q2 Holdings, Inc. (NYSE:QTWO)

Twin Tree Management LP purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,766 shares of the technology company’s stock, valued at approximately $1,084,000.

Several other institutional investors have also added to or reduced their stakes in QTWO. Natixis Advisors LLC lifted its position in shares of Q2 by 4.5% during the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock valued at $1,391,000 after acquiring an additional 744 shares during the period. Swiss National Bank lifted its position in shares of Q2 by 1.0% during the 3rd quarter. Swiss National Bank now owns 117,400 shares of the technology company’s stock valued at $9,365,000 after acquiring an additional 1,200 shares during the period. Pathstone Holdings LLC lifted its position in shares of Q2 by 7.0% during the 3rd quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company’s stock valued at $2,488,000 after acquiring an additional 2,035 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Q2 during the 3rd quarter valued at $2,559,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Q2 by 3.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 266,079 shares of the technology company’s stock valued at $21,225,000 after acquiring an additional 9,976 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on QTWO. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Stifel Nicolaus upped their target price on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Needham & Company LLC upped their price objective on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird restated a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Finally, KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.27.

Q2 Price Performance

Shares of QTWO opened at $76.07 on Wednesday. Q2 Holdings, Inc. has a 12-month low of $46.50 and a 12-month high of $112.82. The business has a 50-day simple moving average of $88.90 and a two-hundred day simple moving average of $90.30. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a market cap of $4.62 billion, a PE ratio of -117.02 and a beta of 1.62.

Q2 (NYSE:QTWO) last issued 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%. Analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,835 shares of company stock valued at $11,959,517. Company insiders own 3.00% of the company’s stock.

Q2 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.