Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 708,623 shares of the technology company’s stock after selling 51,169 shares during the quarter. Federated Hermes Inc.’s holdings in Q2 were worth $71,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TCTC Holdings LLC acquired a new stake in Q2 in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 in the fourth quarter valued at about $30,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Q2 during the fourth quarter worth about $32,000. Quarry LP raised its position in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Q2 in the 4th quarter valued at about $137,000.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a report on Friday, March 28th. Stephens reissued an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a report on Wednesday, December 18th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Truist Financial reissued 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and an average price target of $105.47.

Q2 Trading Down 6.8 %

Shares of Q2 stock opened at $70.42 on Monday. The stock has a 50 day moving average of $85.20 and a 200 day moving average of $90.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of -108.33 and a beta of 1.62. Q2 Holdings, Inc. has a fifty-two week low of $49.56 and a fifty-two week high of $112.82.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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%. As a group, research analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Buying and Selling at Q2

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the transaction, the chief executive officer now directly owns 453,849 shares of the company’s stock, valued at approximately $35,527,299.72. This represents a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 193,858 shares of company stock worth $14,853,965 over the last three months. 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.