Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 507,065 shares of the technology company’s stock after acquiring an additional 10,636 shares during the period. Charles Schwab Investment Management Inc. owned about 0.84% of Q2 worth $51,036,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in shares of Q2 during the fourth quarter worth about $29,000. Quarry LP lifted its position in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. bought a new position in shares of Q2 during the fourth quarter worth about $32,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Q2 during the fourth quarter worth about $179,000.

Insider Activity at Q2

In other Q2 news, CFO Jonathan Price sold 42,652 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total value of $3,172,029.24. Following the transaction, the chief financial officer now owns 209,378 shares in the company, valued at approximately $15,571,441.86. The trade was a 16.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The stock was 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 owns 113,278 shares in the company, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,835 shares of company stock worth $11,959,517 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Q2 Price Performance

NYSE QTWO opened at $72.88 on Friday. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82. 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 firm has a market capitalization of $4.43 billion, a PE ratio of -112.12 and a beta of 1.62. The company’s 50 day simple moving average is $90.35 and its 200 day simple moving average is $90.03.

Q2 (NYSE:QTWO) last posted its quarterly earnings data 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%. As a group, equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $110.00 target price (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Needham & Company LLC raised their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Citigroup raised their target price on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Raymond James raised their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.27.

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.