Transce3nd LLC Invests $98,000 in Q2 Holdings, Inc. (NYSE:QTWO)

Transce3nd LLC acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 976 shares of the technology company’s stock, valued at approximately $98,000.

A number of other hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC bought a new position in shares of Q2 during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Q2 during the 4th quarter worth $30,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 in the 4th quarter worth $32,000. NewEdge Advisors LLC lifted its holdings in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after purchasing an additional 275 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Q2 in the 4th quarter valued at $137,000.

Q2 Stock Down 3.6 %

Shares of Q2 stock opened at $72.28 on Tuesday. Q2 Holdings, Inc. has a 12-month low of $50.04 and a 12-month high of $112.82. The stock has a market capitalization of $4.39 billion, a P/E ratio of -111.20 and a beta of 1.61. 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 50 day moving average price of $79.72 and a two-hundred day moving average price of $90.33.

Q2 (NYSE:QTWO) last posted 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 negative net margin of 5.53% and a positive return on equity of 0.85%. Equities analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on QTWO shares. Royal Bank of Canada lifted their target price on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Citigroup lifted their price objective on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. The Goldman Sachs Group decreased their target price on Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Truist Financial reissued a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.33.

Insider Transactions at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the transaction, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the sale, the chief executive officer now directly owns 485,666 shares of the company’s stock, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,858 shares of company stock worth $14,853,965. 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.