Q2 Holdings, Inc. (NYSE:QTWO) Holdings Decreased by Summit Creek Advisors LLC

Summit Creek Advisors LLC reduced its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 15.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 197,154 shares of the technology company’s stock after selling 37,349 shares during the period. Q2 accounts for about 2.6% of Summit Creek Advisors LLC’s portfolio, making the stock its 15th biggest position. Summit Creek Advisors LLC’s holdings in Q2 were worth $19,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QTWO. Natixis Advisors LLC raised its stake in shares of Q2 by 4.5% during the third quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 744 shares in the last quarter. Swiss National Bank raised its position in Q2 by 1.0% in the third quarter. Swiss National Bank now owns 117,400 shares of the technology company’s stock worth $9,365,000 after acquiring an additional 1,200 shares in the last quarter. Pathstone Holdings LLC raised its position in Q2 by 7.0% in the third quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company’s stock worth $2,488,000 after acquiring an additional 2,035 shares in the last quarter. Intech Investment Management LLC bought a new stake in Q2 in the third quarter worth about $1,227,000. Finally, Penserra Capital Management LLC raised its position in Q2 by 1.2% in the third quarter. Penserra Capital Management LLC now owns 73,459 shares of the technology company’s stock worth $5,859,000 after acquiring an additional 876 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jonathan Price sold 42,652 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the transaction, the chief financial officer now owns 209,378 shares of the company’s stock, valued at approximately $15,571,441.86. This trade represents a 16.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,835 shares of company stock worth $11,959,517. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James boosted their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stephens reiterated an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Citigroup boosted their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Royal Bank of Canada boosted their price objective on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a report 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.27.

Q2 Trading Up 0.6 %

Shares of NYSE QTWO opened at $79.10 on Monday. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -121.69 and a beta of 1.62. The business has a 50 day simple moving average of $87.85 and a 200 day simple moving average of $90.42. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82. 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 posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, research analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

About Q2

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.