3,510 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Acquired by PDT Partners LLC

PDT Partners LLC acquired a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,510 shares of the technology company’s stock, valued at approximately $353,000.

Other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new position in shares of Q2 in the fourth quarter worth $202,645,000. Capital Research Global Investors increased its stake in Q2 by 11.2% during the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after buying an additional 152,872 shares during the period. Geode Capital Management LLC raised its position in shares of Q2 by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after buying an additional 36,025 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after acquiring an additional 698,464 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Q2 by 732.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock valued at $75,025,000 after acquiring an additional 655,838 shares in the last quarter.

Insiders Place Their Bets

In other news, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. This represents a 11.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value 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. The trade was a 5.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock valued at $14,853,965 in the last three months. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on QTWO. Needham & Company LLC upped their target price on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird restated a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Stifel Nicolaus lowered their target price on Q2 from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. Royal Bank of Canada upped 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. Finally, Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Eight 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.60.

Q2 Price Performance

Shares of QTWO opened at $80.53 on Friday. The business’s 50-day moving average is $77.67 and its 200-day moving average is $90.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -123.89 and a beta of 1.47. Q2 Holdings, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $112.82.

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

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.