Natixis Advisors LLC Boosts Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Natixis Advisors LLC raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,525 shares of the technology company’s stock after acquiring an additional 1,090 shares during the period. Natixis Advisors LLC’s holdings in Q2 were worth $1,865,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Highland Capital Management LLC increased its stake in Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after acquiring an additional 172 shares during the last quarter. Arizona State Retirement System increased its position in shares of Q2 by 1.1% during the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after purchasing an additional 190 shares during the last quarter. Moran Wealth Management LLC raised its holdings in shares of Q2 by 2.7% during the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock valued at $817,000 after buying an additional 215 shares in the last quarter. Parallax Volatility Advisers L.P. raised its holdings in shares of Q2 by 5.5% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock valued at $443,000 after buying an additional 288 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Q2 in the 4th quarter worth approximately $30,000.

Insider Buying and Selling

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business’s 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 sale, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jonathan Price sold 42,652 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the sale, the chief financial officer now owns 209,378 shares of the company’s stock, valued at approximately $15,571,441.86. This represents a 16.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,835 shares of company stock worth $11,959,517 in the last three months. 3.00% of the stock is owned by corporate insiders.

Q2 Price Performance

QTWO stock opened at $82.89 on Tuesday. The firm has a 50-day moving average of $87.69 and a 200 day moving average of $90.49. 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 cap of $5.03 billion, a P/E ratio of -127.52 and a beta of 1.62. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82.

Q2 (NYSE:QTWO) last released its 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%. On average, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Upgrades and Downgrades

QTWO has been the topic of several research reports. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Needham & Company LLC lifted their price objective on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a report on Wednesday, December 18th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $99.00 price target (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Q2 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.