Invesco Ltd. Reduces Position in Q2 Holdings, Inc. (NYSE:QTWO)

Invesco Ltd. cut its position in Q2 Holdings, Inc. (NYSE:QTWO) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,614,266 shares of the technology company’s stock after selling 46,353 shares during the period. Invesco Ltd.’s holdings in Q2 were worth $263,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after buying an additional 42,433 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Q2 in the fourth quarter valued at about $288,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Q2 by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock valued at $51,036,000 after acquiring an additional 10,636 shares during the last quarter. Finally, Dakota Wealth Management raised its stake in Q2 by 189.8% in the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock valued at $1,613,000 after purchasing an additional 10,498 shares during the last quarter.

Q2 Stock Down 5.2 %

Q2 stock opened at $72.67 on Friday. The company has a market capitalization of $4.41 billion, a P/E ratio of -111.80 and a beta of 1.61. Q2 Holdings, Inc. has a fifty-two week low of $49.56 and a fifty-two week high of $112.82. The stock has a 50-day simple moving average of $82.35 and a 200-day simple moving average of $90.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

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

Insider Buying and Selling at Q2

In other news, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This represents a 11.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $87,960.00. Following the completion of the transaction, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on QTWO shares. Truist Financial reissued a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. The Goldman Sachs Group lowered their target price on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Needham & Company LLC upped their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada increased their price target on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.33.

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.