Asset Management One Co. Ltd. Increases Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Asset Management One Co. Ltd. raised its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 460.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,582 shares of the technology company’s stock after buying an additional 7,872 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Q2 were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. lifted its stake in Q2 by 5.7% during the first quarter. Prudential Financial Inc. now owns 5,527 shares of the technology company’s stock worth $340,000 after purchasing an additional 296 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Q2 by 1.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 22,596 shares of the technology company’s stock worth $607,000 after purchasing an additional 342 shares during the last quarter. Arizona State Retirement System lifted its stake in Q2 by 2.2% during the third quarter. Arizona State Retirement System now owns 16,570 shares of the technology company’s stock worth $535,000 after purchasing an additional 352 shares during the last quarter. Diversified Trust Co lifted its stake in Q2 by 2.7% during the fourth quarter. Diversified Trust Co now owns 13,670 shares of the technology company’s stock worth $593,000 after purchasing an additional 363 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in Q2 by 4.5% during the third quarter. Glenmede Trust Co. NA now owns 9,502 shares of the technology company’s stock worth $307,000 after purchasing an additional 405 shares during the last quarter.

Insider Activity

In other news, CEO Matthew P. Flake sold 7,674 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $45.00, for a total transaction of $345,330.00. Following the transaction, the chief executive officer now directly owns 504,769 shares of the company’s stock, valued at $22,714,605. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Q2 news, Director R. H. Seale sold 689 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $48.75, for a total value of $33,588.75. Following the transaction, the director now owns 420,769 shares of the company’s stock, valued at $20,512,488.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew P. Flake sold 7,674 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $45.00, for a total value of $345,330.00. Following the completion of the transaction, the chief executive officer now directly owns 504,769 shares in the company, valued at approximately $22,714,605. The disclosure for this sale can be found here. Insiders have sold a total of 336,313 shares of company stock valued at $14,889,214 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Q2 Stock Down 3.6 %

Q2 stock opened at $51.56 on Friday. Q2 Holdings, Inc. has a 12 month low of $21.21 and a 12 month high of $53.96. The stock has a fifty day simple moving average of $47.89 and a two-hundred day simple moving average of $40.99. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.09. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of -45.63 and a beta of 1.49.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The firm had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. Equities analysts predict that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

QTWO has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their target price on Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Piper Sandler upped their price target on Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Robert W. Baird upped their price target on Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. TheStreet upgraded Q2 from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Finally, Needham & Company LLC upped their target price on Q2 from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.40.

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.