Mariner LLC Has $367,000 Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Mariner LLC boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 36.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,644 shares of the technology company’s stock after purchasing an additional 968 shares during the quarter. Mariner LLC’s holdings in Q2 were worth $367,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Q2 in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Q2 in the fourth quarter worth about $30,000. TCTC Holdings LLC acquired a new stake in shares of Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 in the 4th quarter valued at approximately $32,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Q2 during the 4th quarter worth approximately $137,000.

Insiders Place Their Bets

In other news, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction that occurred 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 approximately $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock worth $14,853,965 over the last three months. Insiders own 3.00% of the company’s stock.

Q2 Stock Up 1.7 %

QTWO opened at $80.53 on Friday. The stock’s fifty day simple moving average is $77.67 and its 200 day simple moving average is $90.14. Q2 Holdings, Inc. has a 1-year low of $55.97 and a 1-year high of $112.82. The stock has a market cap of $5.02 billion, a PE ratio of -123.89 and a beta of 1.47. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on QTWO shares. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Compass Point restated a “neutral” rating and issued a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Raymond James lifted their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” 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 research note on Thursday, February 13th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price target (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Q2 currently has an average rating of “Moderate Buy” and an average target price of $100.60.

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.