Cerity Partners LLC Reduces Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Cerity Partners LLC reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 39.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,221 shares of the technology company’s stock after selling 1,434 shares during the period. Cerity Partners LLC’s holdings in Q2 were worth $216,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. TCTC Holdings LLC purchased a new position in shares of Q2 in the fourth quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in Q2 in the 4th quarter worth $30,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 in the fourth quarter valued at about $32,000. 1620 Investment Advisors Inc. bought a new position in shares of Q2 during the fourth quarter valued at about $137,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Q2 during the fourth quarter worth about $179,000.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, the director now owns 17,241 shares of the company’s stock, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $4,446,225.72. Following the sale, the chief executive officer now owns 453,849 shares of the company’s stock, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock valued at $14,853,965 over the last ninety days. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

QTWO has been the subject of a number of recent analyst reports. Compass Point reaffirmed a “neutral” rating and set a $60.00 price target on shares of Q2 in a research report on Monday, April 7th. 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 report on Friday, March 28th. Royal Bank of Canada lifted their price target on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Robert W. Baird restated a “neutral” rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Stifel Nicolaus raised their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.33.

Q2 Stock Performance

Shares of Q2 stock opened at $79.02 on Friday. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -121.57 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a 1 year low of $50.91 and a 1 year high of $112.82. The firm’s 50-day moving average is $78.84 and its 200 day moving average is $90.13.

Q2 (NYSE:QTWO) last posted its quarterly 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%. Sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS 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.